Options traders aim for $100K Bitcoin by the end of 2021, is there a chance?
How realistic is it that a majority of Bitcoin investors are aiming for a $100,000 BTC price by the end of 2021? Bitcoin (BTC) investors are known for being bullish, and even during 50% corrections like the current one, most analysts remain optimistic. One reason for investors' endless optimism and belief in infinite upside could be BTC's decreasing issuance and the 21 million coins fixed supply limit.However, not even the most accurate models, including the stock-to-flow (S2F) from analyst Plan B, can predict bear markets, crashes, or FOMO-induced (fear of missing out) pumps. Traders....
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Cryptocurrency derivatives markets have been seeing significant demand, as daily volumes for bitcoin options crossed $1 billion on December 17, 2020. Most of the record turnover has been taking place on the derivatives platform Deribit, and a large $100k strike has been introduced on the exchange for September 2021. While bitcoin (BTC) spot markets touched an all-time high (ATH) this year at $23,777 per coin, derivatives markets have been seeing lots of action as well. On Thursday, December 17, 2020, researchers from skew.com tweeted about the record BTC options volumes crossing $1....
Options traders are betting big that BTC will be above $80,000 on April 30, but analytics provider Skew thinks there is a 94% chance their positions will be worthless. With Coinbase’s highly anticipated direct listing IPO expected to take place next month, options traders appear to be betting that Bitcoin will once again soar to new all-time highs in the coming weeks.On March 24, the founders of crypto analytics firm Glassnode tweeted data suggesting that options traders on peer-to-peer crypto derivatives exchange, Deribit, are loading up on contracts set to expire on April 30 with a....
For a number of years now bitcoiners have predicted that the price of bitcoin will surpass its all-time high from 2017 and many believe it will rise to the $100k or six-digit price range. This week bitcoin enthusiasts discussed the possibility of the crypto asset reaching $100k at great length. In mid-December 2017, the price of bitcoin (BTC) touched an all-time high (ATH) of $19,600 per coin. Today, BTC is 45.81% lower than the 2017 ATH but a number of bitcoiners believe that the crypto asset will surpass that price range. For instance, at the 2020 Virtual Blockchain Week event, the well....
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....
The Bitcoin futures market has a major expiry date on Friday. In a Monday tweet, crypto data provider Skew reported that 102,200 Bitcoin (BTC) options will expire on Friday.Options contracts allow holders to buy or sell Bitcoin at a specific price, which is known as the strike price. The Friday expiry has notable clusters around the $15,000 strike price and the $20,000 strike price, according to Skew. BTC options expiry dates by SkewThe expiry date of Bitcoin options contracts is widely regarded as a volatile event for the flagship cryptocurrency because, as the expiry nears, holders....