Bitcoin Regains $110K, Market Recovers

Bitcoin's internal volatility has decreased from %52 to %45. This situation reflects the swift return of calm to the markets following last week's sudden fluctuations. With an improvement in risk perception, investors are adopting a more cautious stance.

Dealer gamma indicates that Bitcoin is likely to move sideways between $112,000 and $120,000. However, Bitcoin call options continue to be more expensive compared to put options. This situation demonstrates that there is still a sense of uncertainty in the markets.

CoinMarketCap's altcoin season index has fallen below 25 out of 100. This indicates a strong correlation between Bitcoin and assets; meanwhile, altcoins like FET, BONK, and WIF have lost more than 50% of their value in the last three months, highlighting the overall condition of the market.