Bears scattered as Bitcoin hit $40K, but pro traders remain cautious
Bitcoin’s rally to $40,000 alleviated some of the bearish sentiment in the market, but data shows derivatives traders still walking on eggshells. Go to Source Powered by WPeMatico
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Bitcoin’s rally to $40,000 alleviated some of the bearish sentiment in the market, but data shows derivatives traders still walking on eggshells. Go to Source Powered by WPeMatico
Bulls managed to find some momentum, but holding the $32,000 support level will determine who is the victor of Friday’s $330 million BTC options expiry. Go to Source Powered by WPeMatico
Bitcoin price rallied 8.5% to recover the $32,000 level, but derivatives data shows pro traders still feel apprehensive. Go to Source Powered by WPeMatico
Bears have pushed Bitcoin price to the lowest rungs of its current range, but savvy traders can still generate a nice profit via the Iron Condor options strategy. Go to Source Powered by WPeMatico
The BTC and ETH options market is still in its infancy, but both retail and institutional demand for cryptocurrencies is already here. Go to Source Powered by WPeMatico
Bitcoin bears could take a $31-million lead if BTC falls below $33,000 by Friday’s options expiry, but at the moment, both sides are balanced. Go to Source Powered by WPeMatico
Traders are looking for BTC and ETH to make a decisive move ahead of Friday’s $6 billion in quarterly futures and options expiries, but what does back-tested data show? Go to Source Powered by WPeMatico
Ethereum price has outperformed Bitcoin by 32% since May but derivatives data shows pro traders are feeling less bullish about the top altcoin. Go to Source Powered by WPeMatico
Bear’s misplaced belief that Bitcoin price would drop to $32,000 allowed Friday’s BTC options expiry to become unexpectedly balanced. Go to Source Powered by WPeMatico
Traders remain cautious following last week’s brutal sell-off, but on-chain data is beginning to signal increasingly bullish activity while the crypto market awaits the next major move. Go to Source Powered by WPeMatico