Bitcoin Slips Below Key Holder Cost Basis Ahead Of $1.74B Options Expiry
Bitcoin is trading below a key cost threshold that short-term holders paid to acquire it — a sign that many recent buyers are sitting on losses heading into one of the largest options expiry events of the month. Related Reading: 23 Billion+ XRP Already Quantum Safe, According To New Wallet Analysis Bitcoin: Bears Hold The Edge Going Into Expiry Glassnode data shows Bitcoin is currently priced under the Short-Term Holder Cost Basis of $78,900, and also below the True Market Mean of $78,000. Support is seen further down, in the $65,000–$70,000 range. That backdrop sets a cautious tone as....
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Data from Glassnode shows the Bitcoin long-term holder cost basis is currently above the realized price of the crypto. Bitcoin Long-Term Holder Cost Basis May Have Hints For Bear Market Length As per the latest weekly report from the analytics firm Glassnode, the LTH cost basis has remained below the realized price for a period […]
Bitcoin options open interest hits an all-time high as increased liquidity points to investors still being bullish on BTC. Open interest for Bitcoin options hit their all-time high of $2.14 billion on Sept. 24, a day before a huge quarterly expiry of 89,100 contracts — i.e., 47% of existing options contracts at the time. Options are derivative contracts that give the holder the right (though not an obligation) to purchase or sell an underlying asset at a predetermined price, also known as the “strike price.”Observing the OI trends before every monthly and quarterly expiry, there are spikes....
Even as $525 million in Bitcoin options expire on Friday, bulls are expected to strongly defend the $15.5K level. On Nov. 13, a total of $525 million in Bitcoin (BTC) options open interest is set to expire. This is similar to last week when $470 million in options open interest also expired. This presents somewhat unusual activity as most volume goes through monthly and quarterly options.On Nov. 5 (last Friday), put (sell) options open interest was 30% larger than call (buy) ones. Deribit exchange holds $431 million open interest for this Friday's expiry and Bit.com has $72 million.Before....
Up to $6.1 billion worth of Bitcoin options are set to expire on March 26 but derivatives data suggests that the expiry favors bullish traders. Over the past two months, the open interest on Bitcoin options increased by 60% to reach $13.5 billion as the BTC price rose to a new all-time high. The result of Bitcoin's price appreciation and the rising options open interest resulted in a potentially historic $6.1 billion expiry set for March 26.BTC options aggregate open interest. Source: CryptorankMost exchanges offer monthly exposures, although a few also hold weekly options for short-term....
Bitcoin might have an easy path toward the $40,000 mark as on-chain data suggests there isn’t much resistance ahead. Bitcoin Levels Ahead Are Thin With Addresses Right Now According to data from the market intelligence platform IntoTheBlock, there isn’t any exceptionally large resistance ahead for BTC. In on-chain analysis, resistance and support levels are defined on the basis of whether a large number of investors have bought their coins at the price levels or not. The reason behind this is that the holders often show some reaction to the spot price retesting their cost basis....