![Renewed-Lull-in-Bitcoin-BTC-Prices-Leaves-Crypto-Traders-Fearful.jpg Renewed Lull in Bitcoin (BTC) Prices Leaves Crypto Traders Fearful of 'Tail Risk'](https://cryptotoptrends.com/wp-content/uploads/2023/08/Renewed-Lull-in-Bitcoin-BTC-Prices-Leaves-Crypto-Traders-Fearful-678x381.jpg)
“Looking at the BTC butterfly index, we can see that wings are near the upper 90% percentile (red horizontal line). So, [while] outright volatility [metrics] seems confident in spot price consolidation, traders are still paying up for tails,” Greg Magadini, director of derivatives at Amberdata, said in the weekly newsletter.
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