- Oh, the uncertainty! The U.S. BTC reserve left everyone guessing. ๐
- The options market hinted at wild price swings. ๐ข๐๐
In a day filled with twists and turns, Bitcoin [BTC] danced to the tune of the inauguration, reaching dizzying heights of $109.5K before a sudden retreat to $100K. ๐๐ฅ
As the dust settled post-inauguration, BTC options guru Tony Stewart warned of impending chaos for the January 21st expiry, saying,
โBTC 21st Jan expiry in 12 hours still pricing 100%. Clearly, the inauguration speech was a mere sideshow. The market is bracing for impact.โ ๐ฎ๐ฅ
The chart displayed a Mark IV (Implied Volatility) of nearly 100% for the 21st of January option expiry, indicating a sea of uncertainty and potential price tsunamis. ๐๐
At the time of writing, the IV had calmed down to 71%, while Wednesday’s Options expiry held the highest IV at 77%, signaling potential price earthquakes in the next 48 hours. ๐๐ฅ

Despite the looming storm clouds, call options (bullish bets) were in vogue, as evidenced by the positive 25-Delta Risk Reversal (25RR). ๐ฉ๐ฉ
The Great American Bitcoin Reserve Mystery ๐บ๐ธ๐ฐ?
Crypto enthusiasts were left scratching their heads when President Trump’s first-day executive orders made no mention of Bitcoin. ๐…
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2025-01-21 15:03