Bitcoin At Risk? Odds Tilt Toward Drop Below $66K This April
Options traders in the Bitcoin market are now pricing in a better-than-even chance that the coin stays under $66,000 through late April — a sign of how quickly sentiment has turned since Thursday. Related Reading: No Bitcoin Sell-Off At GameStop, 4,710 BTC Still On Books Fear Takes Hold In The Options Market The shift shows […]
Related News
The hottest topic in the Bitcoin space in 2017 is if Wall Street will get in the game through a Bitcoin ETF. As this decision is now just one week away, the odds of acceptance have shifted more in its favor than ever before. Bitcoin ETF Odds Highest Ever. Over the last couple of months, since this decision timetable became public knowledge, the odds have been long against the ETF, brought forth by the Winklevoss Twins three years ago, gaining Securities Exchange Commission approval. Odds have consistently been rated at 25% or less. However, now that you can vote on these odds, things have....
Results from the past do not offer guarantees for the future. It's the legal disclaimer that comes with every new financial brokerage account and trading promotion. And for good reason. Because results from the past, do not offer a guarantee for the future. Then again, history tends to repeat itself. Let's take a look at the two most recent Bitcoin bubbles: Bitcoin to USD - Jan 2013 to Oct 2013. Bitcoin to USD - Aug 2013 to Jul 2014. If you superimpose them over each other, a clear pattern emerges: Bitcoin to USD chart - April 2013 and December 2013 bubbles superimposed. The similarity....
$1.55 billion in Bitcoin options are set to expire on April 23 and the recent BTC crash to $51,000 has given bears a $340 million advantage. Bitcoin (BTC) price is making a slow recovery after facing a sharp 16% correction in the early hours of April 18.While some analysts blame a 9,000 BTC deposit at Binance, others focused on the hashrate drop caused by a coal mining accident in China. Regardless of the reason behind the $51,200 low, options market makers were forced to adjust their exposure.Typically, arbitrage desks seek non-directional exposure, meaning they are not directly betting....
The latest relief rally, which began April 25, fizzles less than a day later, while Dogecoin continues its bullish vibe. Bitcoin (BTC) pierced $40,000 at the Wall Street open on April 26 as its latest relief rally lasted less than 24 hours.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$39,500 eyed as BTC safety netData from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping from local highs of $40,800 on April 26.At the time of writing, volatility was in evidence as bulls and bears tussled for $40,000, a level which had been beaten with April 25's uptick.United....
Following the court’s ruling in favor of Grayscale against the US Securities and Exchange Commission (SEC), many have begun to wonder whether or not the SEC will succumb and approve Grayscale’s ETF application. However, this looks more likely as Bloomberg ETF analysts have increased the odds in favor of the asset manager. Odds For ETF […]