Max Pain: Why Bitcoin Could Trade Sideways Until April 2021
Bitcoin price action is currently confusing crypto traders and analysts and the reaction after reaching a new all-time is not what anyone expected. The leading cryptocurrency by market cap was thought to explode once a new high was made, but instead, another up to six months of sideways could bring max pain to eager investors […]
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As over $4 billion in BTC options contracts stand to expire, most options traders will feel “max pain,” while options writers could gain. What’s interesting about this particular options expiry is that the current max pain price for the expiry is $54,000, which is very close to the current trading price. The max pain price is the price at which most options are rendered worthless, thus leading to the loss of the option premium for the options holders. Although, in this situation, options writers stand to gain.On April 29, over $4.2 billion worth of Bitcoin (BTC) options contracts will....
SHIB is notably mirroring its mentor Dogecoin's price moves from the Feb.–April 2021 session, raising possibilities of dump ahead. Shiba Inu (SHIB) has emerged as one of the best investments heading into the fourth and final quarter of 2021, with its price rising by over 390% in the first week of October. Nonetheless, the spin-off meme cryptocurrency now risks wiping most of those gains in the coming sessions.Yuriy Bishko, a Ukraine-based market analyst, discussed the potential bearish scenario based on Shiba Inu's recent price trends, which appear eerily similar to those recorded in the....
It may not happen, but a crash to $27,000 would be the chance for many investors to "go all in" on BTC. Bitcoin (BTC) is facing calls for a significant price dip this week, and while some favor $30,000, there may be a safer bottom to long BTC.In a tweet on April 28, on-chain analysis platform Whalemap used whale support to determine where "many" investors should enter the market.Should hodlers hope for "max pain"?With Bitcoin whales in focus at what is the most historically significant consolidation zone in Bitcoin's history, their buying and selling matters .Last month's push to near....
Pal says that the upcoming release of ETH 2.0 and and ETH ETF will extend the crypto market cycle Former Goldman Sachs hedge fund manager and founder of Real Vision, Raoul Pal, believes that the social media pundits are wrong and the crypto market cycle won’t end this year. But things might get a bit hairy on the way. In a Real Vision interview on Nov. 3rd Pal predicted that the current bull run won’t end in December as it did spectacularly in 2015 and 2017, and will instead extend to some time between March and June. According to Pal, Bitcoin, Ethereum and altcoin markets are likely to....
Bitcoin maintains its bullish short-term trajectory into the U.S. Federal Reserve FOMC meeting, suggesting the downtrend might be losing strength. BTC investors have feel the pain in the last weeks, as the cryptocurrency displays a high correlation with the U.S. stock market. Related Reading | Bitcoin Whales Take Advantage Of Market Crash To Gobble Up Millions In BTC As of press time, BTC trades at $38,301 with a 2.3% profit in 24-hours. Data presented by Joe Orsini, Director of Research for Eaglebrook Advisors, Bitcoin has historically experienced a positive performance in terms of....