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Bitcoin is Crashing—Will it Rebound?
Bitcoin (BTC) has seen significant downside over the month of June, hitting highs near $72,000 with lows trading in the $59,000 handle. Bitcoin tends to be the leader of the pack—as seen in comparison to Ethereum (ETH) and Solana (SOL), which have seen greater downside moves over the last month. Bitcoin has an interesting volatility skew. It tends to increase in volatility into upside moves and decrease in volatility into downside moves. This is contrary to most asset classes. The S&P 500, for example, sees downside put skew. As prices go down, volatility in SPY tends to increase, meaning future price movements are ... (full story)