Data: Bitcoin's 30-day implied volatility remains stable at 45%, while Ethereum's 30-day implied volatility has dropped to 70%

According to CoinDesk, as the dollar index falls and tech stocks rise, the price of Bitcoin has been boosted. Currently, Bitcoin's 30-day implied volatility remains stable at around 45%, suggesting that trading may become subdued as the year-end approaches, while Ethereum's 30-day implied volatility has dropped to 70%, marking its lowest level since October 9.

The open interest in Bitcoin futures at the Chicago Mercantile Exchange has fallen below 120,000 contracts for the first time since the beginning of 2024, indicating a decline in institutional participation.