Here's how Bitcoin options traders might prepare for a BTC ETF approval
Bloomberg analysts expect a BTC ETF approval in the next few months, and clever options traders might use this strategy to profit from the possibility. Very few events can shake the cryptocurrency markets in a sustainable manner that really sends Bitcoin and altcoin prices into a sharp directional move. One example is when Xi Jinping, China's President, called for the development of blockchain technology throughout the country in October 2019. The unexpected news caused a 42% pump in Bitcoin (BTC), but the movement completely faded away as investors realized China was not altering its....
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Bitcoin price has been trending around $37,000 since it last broke out of the funk of the market crash. Since then, the digital asset has continued to record low momentum but bears and bulls look to remain in a tie for who will eventually move the price in their favor. While all of this is going on, bitcoin options traders have shown a clear picture of their hand, and by extension, their sentiment, as the market struggles. Bitcoin Options Traders Are Wary Since bitcoin options traders bet on the price of the digital asset, they have to play to volatility. Hence, when volatility is high,....
Bitcoin’s price fell while ether options traders have favored call options in the past month.
Ethereum Foundation members expect “the merge” to happen before year-end and savvy options traders will profit using this options strategy. Ethereum's long-awaited transition away from proof-of-work (PoW) mining has recently suffered another delay and is expected to occur in the second half of 2022.Ethereum developer Tim Beiko stated on April 13 that "it won't be June, but likely in the few months after. No firm date yet, but we're definitely in the final chapter of PoW on Ethereum."An automated increase in mining difficulty designed to make PoW mining less attractive is set to become....
The function enables users to speculate on future prices of cryptos and settle their trades using USDC. Singapore-based crypto exchange Bybit has recently announced its service expansion into crypto options trading, allowing users to trade USD Coin (USDC) options and perpetuals. The Bybit media team told Cointelegraph that this decision to add options to the product line was in response to its community’s demands. Bybit noted that investors want to trade options because it can “serve as a hedge against existing risks and provide greater market exposure.” It also gives traders a way to....
Derivatives exchange Nadex plans to offer bitcoin binary options to customers in the US next month, if its filing to register the options with the country's commodities regulator is accepted. Nadex will offer daily and weekly bitcoin binary options contracts, taking prices from the bitcoin price index published by TeraExchange, a derivatives trading platform. Both Nadex and TeraExchange are regulated by the US Commodity Futures Trading Commission (CFTC). The exchange is one of three 'designated contract markets' offering binary options in the US that are subject to CFTC oversight. It is....