Bitcoin bulls may ignore Friday’s $730M options expiry by saving their energy...
Bitcoin price is no longer in reach of $40,000, but data shows bulls are willing to take a few short-term losses in order to strengthen their next run at the key resistance level. The past few months have been less than pleasant for Bitcoin (BTC) bulls, but they are not alone. Persistent comments from the United States Federal Reserve hint at plans to raise interest rates in 2022 and thi is causing investors to seek protection in inflation-protected bonds.The monetary authority signaled its intention to substantially raise the benchmark interest rate and they will also gradually reduce the....
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Friday’s $1 billion Bitcoin options expiry is tilted toward bulls who have set their sights on the $40,000 level. On Feb. 5, a total of $1 billion in Bitcoin (BTC) options open interest is set to expire. This number is small relative to the past month's $4 billion options expiry, but monthly and quarterly options typically concentrate the most volume. Friday's expiry is somewhat unusual although it is balanced at the current BTC levels. Data also shows that bulls have many incentives to push up the price above $38,000.BTC Feb. 5 options aggregate open interest. Source: Deribit, OKEx,....
After spending weeks ranging within $30k, the bulls’ edge in this month’s $1.7 billion options expiry was strengthened by Bitcoin’s climb past $40,000. A total of 42,850 Bitcoin (BTC) option contracts worth $1.7 billion are slated to expire on Friday, July 30. Bulls may be able to benefit from the $40,000 call (buy) options for […]
Traders bullish on Ether have a $109 million advantage heading into the $730 million ETH options expiry on May 14. Ether (ETH) initiated a rally on April 25, which resulted in a 90% gain that pushed the price to $4,200. The non-stop action has been fueled by an incredible increase in decentralized finance (DeFi) applications where the net locked value surpassed $74 billion, a 51% increase in eighteen days.This positive momentum has been decimating the neutral-to-bearish put (sell) options, giving bulls even more incentives to continue the rally. On May 14, a total of $730 million Ether....
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....
A $2,200 Ethereum price would give bulls a $28 million advantage in this week’s ETH options expiry, but traders are more focused on the impact of the London hard fork in mid-July. Ether's (ETH) $1.5 billion monthly expiry on June 25 was slightly favorable for bears, and at the time, Cointelegraph reported that the $2,200 price was critical to eliminate 73% of the neutral-to-bearish put options. However, bulls were not able to sustain their advantage because the expiry price was near $1,950. In the end, the protective put options outnumbered the neutral-to-bullish call options by $30....