XRP, ADA Post Highest Losses Among Crypto Majors; BTC Price Steady as ‘Buy the Dip’ Allure Fades

“Data suggests that long volatility strategies have been deployed extensively over the weekend after the price crashed below the $25,000 level,” the analysts wrote. “In turbulent times, traders might expect high volatility to continue and use options strategies (like straddles or strangles) to profit from this.”