Traders Bet on a $300K Bitcoin Call, Pushing New Crypto to Explosive Gains
Hold your timid ‘Bitcoin-to-$100K’ bets; many Bitcoin traders are favoring long-shot bets that Bitcoin will TRIPLE that number – and all by the end of June. To clarify, these aren’t formal predictions. But over on crypto options trading platform Deribit, Bitcoin traders are placing big bets on an outside-the-market opportunity – a Bitcoin $300K call […]
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Derivatives exchanges now offer $100,000–$300,000 Bitcoin call options, but how keen are pro traders to take the bait? The open interest on Bitcoin (BTC) Dec. 31 call options between $100,000 and $300,000 reached an impressive 6,700 contracts, which is currently worth $385 million. These derivatives give the buyer the right to acquire Bitcoin for a fixed price, while the seller is obliged to honor the price.One might think that this is a great way to leverage a long position, but it comes at a cost and is usually quite high. For this right, the buyer pays an upfront fee (premium) to the....
Using multi-leg options can give traders a less risky way to invest in Ethereum price as it pushes above $2,000. This week Ether (ETH) price finally broke through the $2,000 level as aggressive institutional inflow through Grayscale Investments products and declining exchange reserves signaled that buying pressure was increasing.While many traders are skilled at using perpetual futures and the basic margin investing tools available on most exchanges, they may be unaware of additional instruments that can be used to maximize their gains. One simple way, albeit expensive, is buying Ether....
Not sure which way BTC price might go? Here’s how pro traders use the "iron condor" options strategy to place carefully hedged bets. For traders who are undecided on Bitcoin's (BTC) move, the "long condor with call options," or the "iron condor" options strategy, yields optimal results with very low risk. This strategy offers protection down to $53,500, which would be a 7% downside move from the current $57,600, and returns a positive outcome up to $67,500.Options markets provide more flexibility to develop custom strategies. Unlike futures, there are two separate instruments available.....
The most recent run-up in Bitcoin price was a front running of any potential corporate BTC buy revealed by cloud services company Oracle during its quarterly earnings call yesterday. When the call ended, crypto bulls expecting such a reveal were left with a dial tone, and bears stepped in pushing prices lower. However, one bestselling […]
On Wednesday, just before bitcoin surpassed the digital asset’s all-time high (ATH), the crypto analyst known as “Techdev” says the “2-week chart looks strong and ready for much higher highs.” Just 26 days ago, Techdev said that “$200-300K bitcoin looks almost too programmed” and this week, the analyst noted that we are “nowhere near a top.” Bullish Forecasters Rejoice Over Correct Predictions — ‘$200-300K Bitcoin Looks Almost Too Programmed’ The leading digital currency bitcoin (BTC) has been on a tear....