Bitcoin Options Market Sees Low Odds of Sky-High Rally in 2021

Growth in DeFi, increasing on-chain activity and the strength of the bullish Ethereum options market helped send Ether price to a new all-time high at $1,500. The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, achieved a new all-time high at $1,500 today. Data suggest that the ETH options market showed dominant call activity and this may be a primary factor in the rally to a new high.Across major exchanges, the price of ETH surpassed $1,500, after the options market showed dominant call activity.In the options market, there are two types of contracts:....

While a 31% rally to $50,000 in two weeks may be challenging to envision, it is far from impossible, given bitcoin's prior rallies.

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 […]

Ethereum options traders are placing big bets on an ETH rally in June as EIP-1559 approaches. The price of Ether (ETH) is continuing to rally, reaching $2,000 on Friday on the back of strong technical momentum following a high-profile announcement from Visa.As Cointelegraph previously reported on Sunday, Visa will allow its partners to use USD Coin (USDC) on the Ethereum blockchain network to settle transactions.ETH futures total open interest. Source: Bybt.comSince then, the interest in Ethereum across both futures and options markets is seeing an uptick, with the former approaching $7....

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,....