Bitcoin remains stable near $108,000 as traders focus on significant macroeconomic events, particularly the ECB Forum where central bankers discuss monetary policy. Analysts report that the current market conditions indicate a potential increase in volatility, driven by whale activity and decreasing exchange reserves. Notably, Bitcoin's performance is contrasted with Ethereum's bullish sentiment, especially in anticipation of upcoming events like ETHCC, which historically prompts product announcements. Trading volumes for Bitcoin derivatives have surged, reflecting growing interest and caution among traders, particularly concerning downside risks. The outcome of the ECB Forum and Federal Reserve Chair Jerome Powell's speech is expected to influence market directions significantly, with traders positioning themselves for various potential scenarios, particularly by clustering around lower strike puts in Bitcoin options while Ethereum traders are gearing up for upward movements.

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