Bitcoin’s brief rally faded amid war-driven oil price surge, rising volatility and declining futures interest, signaling growing caution across crypto markets. BTC spiked to $68,300 before falling to $66,500, while implied volatility (as measured by the BVIV index) climbed to 58%, pointing to more turbulence ahead. Futures open interest has dropped over 18% this year, with broad declines across major tokens indicating capital outflows. Options markets show strong demand for downside protection,…
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