TechFlow news, November 15 — According to Bloomberg citing Kaito data, Bitcoin market depth has declined by approximately 30% from its peak this year, indicating a significant contraction in market liquidity (Note: Market depth refers to the market's ability to absorb large trades without substantial price fluctuations). In the options market, traders are increasingly betting on volatility, with rising demand for neutral strategies such as strangle and straddle options. The total market capitalization of cryptocurrencies has given up all gains made since the beginning of the year, and market sentiment may remain subdued until further positive catalysts emerge. Max Gokhman, an executive at Franklin Templeton, said that the correlation between cryptocurrencies and macro risks is likely to remain high until institutional participation in the crypto market deepens and investment targets expand beyond just Bitcoin and Ethereum.
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