Bitcoin touches $30K as BTC bulls well-positioned for weekly $3.2 billion options expiry
Weaker U.S. financial system has raised BTC bulls’ odds of profiting $780 million on April 28 options expiry. Go to Source Powered by WPeMatico
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Bitcoin bears well positioned for Friday’s $2.5 billion options expiry
BTC bears are outnumbered based on open interest volume, but bulls’ hopes of $20,000 before 2023 have already been hampered. Go to Source Powered by WPeMatico
Bitcoin Santa Claus rally, unlikely according to on-chain and derivatives data
Data suggests that BTC’s rally to $18,300 is the only Santa Claus rally Bitcoin will see before the year ends. Go to Source Powered by WPeMatico
Bitcoin Options Giant Deribit Loses $28 Million in Hot Wallet Hack
The world’s largest bitcoin options exchange, Deribit, was hacked for close to $28 million, according to an update from the company’s official Twitter account on Nov. 2. Deribit says that the firm’s hot wallet was drained just before midnight the day prior. Crypto Derivatives Exchange Deribit Loses $28 Million — Company Says Customer Funds Are … Read more
Bitcoin bears tighten their grip on BTC now that $40K is the new resistance level
Mounting concerns about the state of the global economy and traders’ risk-off sentiment continue to weigh on Bitcoin price. Go to Source Powered by WPeMatico
Goldman Sachs completes first OTC crypto options trade with Galaxy
Galaxy Digital previously facilitated the launch of Goldman Sachs’ Bitcoin futures trading product for CME Group in June 2021. Go to Source Powered by WPeMatico
CME Group plans to launch micro-sized Bitcoin and Ether options
The futures options, expected to start trading on March 28, will come more than two years after the CME Group launched a BTC options trading product in January 2020. Go to Source Powered by WPeMatico
Analysts say Bitcoin’s open interest wipeout ‘will give way to further upside’
Bitcoin’s drop to $42,000 obliterated its open interest and liquidated a large swath of leveraged traders, but analysts say OI resets typically provide great buying opportunities. Go to Source Powered by WPeMatico
Bitcoin bulls risk losing $365 million upon Friday’s BTC options expiry
Nearly $3 billion in BTC options expire on Nov. 26, and bears are better positioned below $58,000. Go to Source Powered by WPeMatico
3 reasons why Bitcoin’s drop to $56.5K may have been the local bottom
The absence of cascading liquidations, 25% delta skew and the margin lending ratio all suggest that Bitcoin price bottomed at $56,500. Go to Source Powered by WPeMatico