Options data shows Bitcoin’s short-term uptrend is at risk if BTC falls below...
BTC’s $335 million options expiry has become a death trap for bulls, and increased legal action by the SEC and IRS against crypto companies is adding to the sell pressure. Bitcoin (BTC) briefly broke above $25,000 on Aug. 15, but the excitement lasted less than an hour and was followed by a 5% retrace in the next five hours. The resistance level proved to be tougher than expected but may have given bulls false hope for the upcoming $335 million weekly options expiry.Investors’ fleeting optimism reverted to a sellers' market on Aug. 17 after BTC dumped and tested the $23,300 support. The....
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Options traders look to be preparing for further falls in bitcoin's price in the short-term, according to put-call skew data.
Bitcoin's fall toward $18,000 has revived demand for short-dated put options as a way to hedge downside risk.
Bitcoin is short-term bearish, traders say, as the options market hints at consolidation. A pseudonymous trader known as “Byzantine General” is short-term bearish as Bitcoin (BTC) continues to test the same $30,000 support area.Although the price of Bitcoin is staying above a key support level, the trader said the price action is not bullish. He wrote:“In the midst of all this chaos, here's a bitcoin chart. Not much to do. It's bearish no matter how you look at it. But we're sitting on support, so no swing short opportunity either... It's just waiting now. > YO needs to hold.”"Options....
First part of this article was published here. Short Term: Trading Short Term Options is similar to trading classic Binary Options. The difference is that those options expire at 30, 60, 120, 180 or 300 seconds from the initiation of a trade and the investment amounts range from 0.05 BTC to 2.5 BTC. Short Term Binary Options are designed mainly for more aggressive traders. Those instruments provide instant profits and allow traders to take advantage of markets high volatility. For example, short terms are ideal for. Short Term characteristics: excellent for aggressive trading; instant....
Lack of hedging demand for long-term put options shows institutions remain unconcerned by Monday's price drop.