Bitcoin Bounces as Options Market Sees 20% Chance of $50K at Month’s End

Bitcoin's options market sees only a 12% probability of prices rising above $100,000 by the end of December.

At press time, bitcoin was seeing a 6% probability of bitcoin trading above the historical 2017 all-time high of $20,000 by the end of December.

As the crypto economy sets its sights on half of a trillion in USD value, digital currency derivatives markets are swelling significantly. Bitcoin futures have surpassed a six-month high at $52 billion, while the crypto asset’s options markets have jumped massively too. Additionally, bitcoin options markets indicate that traders wager there’s a 29% chance the price of BTC will be above $20,000 by December 25, 2020. At the time of publication, the entire cryptocurrency economy is hovering just below the 500 billion-dollar mark. While cryptocurrencies like BTC and ETH have seen....

Bitcoin's rally above $56,000 shifted Friday's options expiry entirely in favor of bulls After a 160% increase over the past 3 months, the open interest on Bitcoin (BTC) options reached a new record-high at $12 billion. While this number might seem unusually high, it makes sense that the figure would increase as Bitcoin’s market capitalization surpassed $1 trillion. Deribit BTC options open interest in USD. Source: laevitas.chAlthough Friday's $3.2 billion expiry could negatively impact the market, these options are split among calls (neutral-to-bullish) and the more bearish put options.As....

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 […]