Here’s why Bitcoin bulls will defend $42K ahead of Friday’s $3.3B BTC options expiry
Holding $42,000 will help determine whether BTC bulls bag a $175 million profit in March 25’s $3.34 billion options expiry. Go to Source Powered by WPeMatico
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Bitcoin rally hopes diminish as pro traders flip bearish, retail interest at 12-month lows
A symmetrical triangle shows support at $38,000 but pro traders have failed to add leverage long positions, according to exchanges’ data. Go to Source Powered by WPeMatico
Bitcoin’s got 3 strikes, but investors remain calm despite price drop
Proof-of-work mining escaped severe regulatory pressure, but crypto derivatives and CNY Tether premium show investors’ lack of excitement. Go to Source Powered by WPeMatico
Cryptocurrencies against the ‘silent thief.’ Can Bitcoin protect capital from inflation?
Rising inflation forces investors to look for defensive assets. What can the cryptocurrency market offer them? Go to Source Powered by WPeMatico
Bitcoin derivatives metrics reflect traders’ neutral sentiment, but anything can happen
BTC price is caught in the middle of a game of tug-o-war, as evidenced by the fact that pro traders are equally pricing upside and downside risk instruments. Go to Source Powered by WPeMatico
Softer-than-expected crypto regulation and stocks’ rebound position Bitcoin for a $42K close
The Biden administration’s dovish approach to crypto sector regulation and a bounce in equities markets could give bulls a boost in Friday’s $790 million options expiry. Go to Source Powered by WPeMatico
FTX expands to Europe with CySEC approval
Headquartered in Switzerland, FTX Europe will offer FTX products in Europe, including crypto derivatives services. 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
Ethereum price moves toward $3K, but pro traders choose not to add leverage
ETH price is storming toward a key resistance level, but pro traders are reluctant to add leverage for three important reasons. Go to Source Powered by WPeMatico
2 key derivatives metrics signal that Bitcoin traders expect BTC to hold $40K
The entire crypto market is green today, and derivatives metrics suggest that BTC’s bullish reversal will flip $40,000 back to support. Go to Source Powered by WPeMatico