Bitcoin retraces intraday gains as bears aim to pin BTC price under $18K
BTC bears are positioned to profit from this week’s Bitcoin options expiry, especially if price stays below $18,000. Go to Source Powered by WPeMatico
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Bitcoin price liquidation risk increases as BTC struggles to reclaim $18K
Leveraged long margin traders are playing with a hot potato, and with BTC struggling at $17,000, they might get burned sooner than later. Go to Source Powered by WPeMatico
Bitcoin options data shows bulls aiming for $17K BTC price by Friday’s expiry
BTC bulls could secure a $130 million profit in the Dec. 9 options expiry, but bears aim to balance the scales by keeping Bitcoin price below $17,000. Go to Source Powered by WPeMatico
Report: Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions
A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to join six other countries, including two from Africa, which already levy taxes on digital asset transactions. Extracting More Revenue … Read more
DXY bounces at major support, reducing Bitcoin’s chance at breaking the $17.2K resistance
The dollar index (DXY) found support at a key level, leading traders to question whether BTC will manage to flip $17,250 to support. Go to Source Powered by WPeMatico
Bitcoin price volatility expected ahead of Friday’s $430M BTC options expiry
Here is why Bitcoin bears stand to profit from this week’s $430 million BTC options expiry. Go to Source Powered by WPeMatico
Ethereum derivatives look bearish, but traders believe the ETH bottom is in
Expectations of stringent regulation and further contagion from FTX continue to weigh on ETH price, but derivatives are showing a modest improvement in sentiment. Go to Source Powered by WPeMatico
This simple Bitcoin options strategy allows traders to go long with limited downside risk
Bullish on Bitcoin but afraid of futures liquidations? Here is how pro traders use options to cast safer bets. Go to Source Powered by WPeMatico
$15.5K retest is more likely, according to Bitcoin futures and options
Bybit launching a $100 million fund and Binance’s proof of reserves might have marked the cycle low at $15,500. Go to Source Powered by WPeMatico
Here’s why $16.5K is critical for November’s $1.14B Bitcoin options expiry
BTC bulls were liquidated during the drop to $15,500 on Nov. 21, and more downside could occur if bears profit $245 million during Friday’s expiry. Go to Source Powered by WPeMatico