Bitcoin
Long

Traders during the US prefer to go long volatility

99
Today is Sunday and the daily ATM option IV is only 35% and yesterday's daily ATM option IV was only 30%, an example of how crypto market has been completely controlled by U.S. time lately.
The weekend option IV has maintained the above pattern for several weeks now. Comparing the spot trend we see that weekend volatility is not significantly lower than weekday volatility, or at least the difference is not so huge.
We can conclude that traders who participate in trading during the US trading session prefer to go long volatility.

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