Bulls or bears? Both have a fair chance in Friday’s Bitcoin options expiry
BTC bulls aim to secure a $235 million profit from July 22’s BTC options expiry, but a downside move below $22,000 could nix this plan. Bitcoin (BTC) briefly broke above $24,000 on July 20, but the excitement lasted less than two hours after the resistance level proved more challenging than expected. A positive is that the $24,280 high represents a 28.5% increase from the July 13 swing low at $18,900.According to Yahoo Finance, on July 19, the Bank of America published its latest fund managers survey, and the headline was "I'm so bearish, I'm bullish." The report cited investors'....
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Bears are currently better positioned for this week’s $510 million BTC options expiry, but their overconfidence could give bulls a chance to flip the table. Bitcoin (BTC) has been trying to break above the $20,500 resistance for the past 35 days, with the latest failed attempt on Oct. 6. Meanwhile, bears have displayed strength on four different occasions after BTC tested levels below $18,500 during that period.Bitcoin/USD price index, 12-hour chart. Source: TradingViewInvestors are still unsure whether $18,200 was really the bottom because the support level weakens each time it is tested.....
Last week bulls had a $715 million advantage when Bitcoin price was above $68,000, but the current downturn gives bears a chance to turn the tables. Bitcoin (BTC) bulls were euphoric when the price soared to $69,000 on Nov. 10 because the 14.5% gain accumulated over five days meant they were in for a $715 million profit on Friday’s options expiry.However, the 9% negative price move on Nov. 16 caught bulls by surprise, especially since most of the call (buy) options for Friday have been placed at $66,000 or higher. Curiously, that price level has been the exception rather than the....
Friday’s $1 billion Bitcoin options expiry is tilted toward bulls who have set their sights on the $40,000 level. On Feb. 5, a total of $1 billion in Bitcoin (BTC) options open interest is set to expire. This number is small relative to the past month's $4 billion options expiry, but monthly and quarterly options typically concentrate the most volume. Friday's expiry is somewhat unusual although it is balanced at the current BTC levels. Data also shows that bulls have many incentives to push up the price above $38,000.BTC Feb. 5 options aggregate open interest. Source: Deribit, OKEx,....
Bitcoin price is struggling to regain the $42,000 support as bears hold a $585 million advantage ahead of Friday's $2.1 billion BTC options expiry. A total of 53,400 Bitcoin (BTC) options are set to expiry on Friday, May 28. At first sight, bulls appear to lead as the $2.1 billion open interest call (buy) to put (sell) options ratio stands at 1.32, favoring the neutral-to-bullish derivatives.However, after Bitcoin dropped 33% in May, the right to acquire BTC at $46,000 and above is essentially worthless since there are less than 38 hours left before expiry. Bitcoin price at Coinbase, USD.....
After spending weeks ranging within $30k, the bulls’ edge in this month’s $1.7 billion options expiry was strengthened by Bitcoin’s climb past $40,000. A total of 42,850 Bitcoin (BTC) option contracts worth $1.7 billion are slated to expire on Friday, July 30. Bulls may be able to benefit from the $40,000 call (buy) options for […]