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Deribit Exchange Data Shows Bitcoin Resilience Amid Fading Oil Risk Premium
Deribit Exchange Data Shows Bitcoin Resilience Amid Fading Oil Risk Premium
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Deribit exchange News -
Financial markets displayed unexpected stability despite escalating Middle East tensions, with both oil prices and cryptocurrencies showing notable resilience. Brent crude's initial 3% surge moderated to a 1.4% gain at $77/barrel, while WTI pulled back from $78.58 to $76.75 - indicating traders' skepticism about potential disruptions to Hormuz Strait shipping lanes.
Bitcoin demonstrated particular strength, recovering above $101,000 after briefly dipping below $98,000 on Sunday. The rebound coincided with a significant contraction in Deribit's BTC put/call volatility premium, which fell from 8-10% during peak risk-off sentiment. Equity markets remained largely unfazed, with S&P 500 futures declining just 0.3%.
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