Bitcoin Options Data Shows Rising Caution Beneath Supposedly Calm Market – De...
The Bitcoin market experienced another eventful trading week marked by multiple failed breakouts from the $115,000 resistance zone despite the announcement of another interest rate cut by the US Federal Reserve. As price action presently consolidates around $110,000, data from the Bitcoin Options market has provided insights into traders’ behavior and general sentiment. Related Reading: […]
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Lack of hedging demand for long-term put options shows institutions remain unconcerned by Monday's price drop.
Options data shows pro traders are not confident that Ethereum price will follow Bitcoin’s rally to new 2020 highs. This week Bitcoin (BTC) and Ether (ETH) prices reached new highs as a slew of bullish news continued to pump investors’ hope that the next crypto-bull market will mirror the one seen in 2017. Many novice traders simply follow spot prices on the major crypto exchanges to gauge the direction price might take. However, reviewing options markets data can provide additional relevant insights on market sentiment. Looking at the most recent activity in Bitcoin options, it is clear....
$540 million in Bitcoin options open interest will expire on Friday, and a $93 million imbalance shows bears are taking control. On Dec. 11, a total of $540 million in Bitcoin (BTC) options open interest is set to expire. This number mimics the past month's $525 million options expiry, as monthly and quarterly options typically concentrate the most volume. Although both dates present somewhat unusual activity, this time around, bears seem in control. Data also shows that the Bitcoin bulls appear to have become too optimistic.Currently, the exchange Deribit holds 85% market share for....
Up to $1.15 billion worth of Ether options are set to expire on March 26, and data suggests bullish traders may make a show of force after the expiry. Over the past two months, the open interest on Ether (ETH) options increased by 50% to reach $3.1 billion, with ETH price gaining 44% in that time period. Ether's price appreciation and the rising options open interest has resulted in a potentially historic $1.15 billion expiry set for March 26.Ether options aggregate open interest. Source: CryptorankMost exchanges offer monthly exposures, although a few also hold weekly options for....
Data shows 99.5% of the neutral-to-bearish Ether put options will become worthless above $1,360, leaving bulls with a significant advantage for the foreseeable future. After marking a new $1,477 high on Jan. 24, Ether's (ETH) price was shaken down to $1,206 on Jan. 27 but according to derivatives markets, bulls remain confident that $2,000 is still within reach.The neutral-to-bearish put options open interest above $1,360 is irrelevant and only 2,540 ETH options, equivalent to a $3.4 million in open interest, is above that price level. That being said, more than 99.5% of the put options....