Do $100K–$300K Bitcoin call options signal a bullish BTC price path?
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....
Related News
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 […]
Bitcoin's recent price action and the increasing pace of institutional adoption suggest that traders betting on the June $80,000 Bitcoin call option will be handsomely rewarded. Betting on an $80,000 Bitcoin call options for June doesn't seem outrageous given BTC's bullish performance over the past few weeks. This was not the case a couple of months ago when BTC peaked at $42,000 on Jan. 8 and subsequently dropped to the $30,000 level. Bitcoin price, USD. Source: TradingViewAt that time, a 150% upside was needed from the $32,000 price on Jan. 26, and this seemed quite far-fetched.....
While Ethereum created history by taking over Bitcoin in the options market, the ETH futures contract entered price backwardation. Ether (ETH) has taken over Bitcoin (BTC) in the options market for the first time in history as the open interest (OI) of Deribit Ether options with a value of $5.6 billion exceeded the OI of Bitcoin options worth $4.6 billion by 32%.OI is calculated by adding all the contracts from opened trades and subtracting the contracts when a trade is closed. It is used as an indicator to determine market sentiment and the strength behind price trends. Deribit is the....
Ethereum options data show traders anticipate a continued surge to $880 over the next four weeks. Ether (ETH) price has gained 88% since November, astonishing even the most bullish investors as the top altcoin secured a 2020 high at $750. Aside from the upcoming CME ETH futures launch scheduled for Feb. 8, the phenomenal growth of the total value locked (TVL) in Decentralized Finance protocols also played a major part.Total Value Locked, USD. Source: DeFi PulseAs the above data indicates, investors are even more confident that Eth2 has been a success, despite the real potential of delays....
Bitcoin's surge above $40,000 boosted the bulls' advantage in this month's $1.7 billion options expiry. On Friday, July 30, a total of 42,850 Bitcoin (BTC) option contracts ($1.7 billion) are set to expire. This might be the first time since the May 21 weekly expiry that bulls will be able to profit from the $40,000 call (buy) options. The most recent surge in price may have been prompted by the rumor that Amazon would accept crypto payments, but after the e-commerce giant denied these rumors, BTC has held relatively steady. According to options markets, regardless of the reason behind the....