Bitcoin options tantalizing bears to push price below $30K before Friday’s expiry
Bitcoin bears are closing in on a rare win as they have the advantage in this week’s $600 million BTC options’ expiry. Go to Source Powered by WPeMatico
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Bitcoin price hangs in the balance — Friday’s $2.26B BTC options could result in more downside
Bitcoin bears benefit from the current macroeconomic uncertainty and are aiming for a $270 million profit if the BTC price falls below $25,000. Go to Source Powered by WPeMatico
Arrested Bitzlato Exchange Founder Seeks Help From Crypto Community
The founder of crypto exchange Bitzlato, who is facing a money laundering case in the U.S., is seeking support from members of the community. Anatoly Legkodymov was arrested in January for his role in the trading platform which allegedly processed millions of dollars’ worth of illicit funds. Bitzlato Founder Looking for Bail Guarantors in U.S. … Read more
Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil
A European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social value. Belgium’s Ex-Finance Minister Suggests Ban on Decentralized Digital Currencies Member of the European Parliament, Johan … Read more
Bitcoin bulls need to reclaim $41K ahead of Friday’s $615M BTC options expiry
BTC staged a small relief rally, but securing $41,000 is the key to determining whether or not the current sell-off has ended. Go to Source Powered by WPeMatico
Here’s a clever options strategy for cautiously optimistic Bitcoin traders
Pro traders often use the risk reversal options strategy to hedge their bets and profit in the case of an unexpected rally. Go to Source Powered by WPeMatico
Risk-averse Ethereum traders use this options strategy to increase exposure to ETH
The Iron Condor options strategy gives risk-averse traders a safer way to profit from a potential $3,400 to $5,400 ETH price. Go to Source Powered by WPeMatico
Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone
Bitcoin traders say $43,600 needs to be regained to restore the bullish uptrend, but BTC futures and options data are showing signs of distress. Go to Source Powered by WPeMatico
How relevant is the $900M open interest on Bitcoin options above $100K?
Pro traders have been buying ultra bullish Bitcoin $100,000 to $200,000 options, but how confident are they that these targets will be achieved? Go to Source Powered by WPeMatico
Understanding Cryptocurrency Options – An Alternative Way to Trade Crypto
Crypto proponents have been excited by the launch of bitcoin futures and options, but many are unfamiliar with the fundamentals. Bitcoin options are a popular way to take advantage of a volatile market by strategically hedging some of the risk. To clear up the jargon associated with the most common form of derivatives trading, analysts here … Read more
