As Bitcoin Regains Lost Ground, Options Traders Bet on $52K Move By Late January

Following a 20% decline in the price of bitcoin this week, uncertainty continues to cast a shadow on broader market activity. Bitcoin prices fell to a low of $480 on Tuesday amidst news Hong Kong exchange Bitfinex had lost nearly 120,000 BTC in a high-profile hack. But while the price has recovered to $580 at press time, the $68m loss and the subsequent shutdown of the exchange has sent shockwaves throughout the industry. Days after Bitfinex first halted trading, much about the path forward for the company remains unknown, including whether it will be able to reimburse investors who lost....

$32,000 per Bitcoin seemed unreasonable in October, but the 950% spike in the January call option suggests some traders think it’s a possibility. A month ago, one would be hard pressed to find any investor who would have expected a $32,000 Bitcoin (BTC) price for January. At the time, a 140% upside was needed from the $13,300 price on Oct. 30 and this seemed quite far fetched. Therefore, the January $32,000 BTC call (buy) options traded at Deribit for a meager $67, or 0.005 BTC in late October. BTC $32,000 Jan. 2021 call option, in BTC. Source: DeribitFast forward to now, and the same call....

Bitcoin price has been trending around $37,000 since it last broke out of the funk of the market crash. Since then, the digital asset has continued to record low momentum but bears and bulls look to remain in a tie for who will eventually move the price in their favor. While all of this is going on, bitcoin options traders have shown a clear picture of their hand, and by extension, their sentiment, as the market struggles. Bitcoin Options Traders Are Wary Since bitcoin options traders bet on the price of the digital asset, they have to play to volatility. Hence, when volatility is high,....

Bitcoin price is once again approaching current record highs, and now that the momentum is back in favor of bulls, new all-time highs could soon be just ahead. While this is mostly nothing new for the leading cryptocurrency by market cap, the recent rally back to local resistance has happened all while the dollar has strengthened significantly. What exactly does this mean for the ongoing cryptocurrency bull market? And why is the dollar suddenly performing […]

A number of options traders are betting that bitcoin prices will tap $80,000 by May 2021. Meanwhile, over 100,000 bitcoin options worth more than $6 billion are set to expire on Friday, smashing the previous record expiry seen in January. $6 Billion in Bitcoin Options Set to Drop, April Bets Target $80,000 per Bitcoin Today on March 26, 2021, the crypto ecosystem is about to witness one of the largest options expiries to-date as more than 100k bitcoin options will expire. Today’s $6 billion worth of expiries exceeds the last record back in January when $4 billion worth of bitcoin....