Bitcoin bears are closing in on a rare win as they have the advantage in this week’s $600 million BTC options’ expiry.
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Bitcoin bears are closing in on a rare win as they have the advantage in this week’s $600 million BTC options’ expiry.
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Bitcoin bears benefit from the current macroeconomic uncertainty and are aiming for a $270 million profit if the BTC price falls below $25,000.
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$675 million in BTC options are set to expire on Feb. 17, but bears could aim to take control by pushing Bitcoin price below $22,000.
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The Iron Condor options strategy gives risk-averse traders a safer way to profit from a potential $3,400 to $5,400 ETH price.
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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.
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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 […]
The post Understanding Cryptocurrency Options – An Alternative Way to Trade Crypto appeared first on Bitcoin News.
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Jeffrey Wernick, an independent investor who claims to have begun purchasing bitcoin as early as 2009, recently advocated that “everybody should put something into crypto.” The investor also criticized the current financial system, describing cryptocurrency investment as sole viable means through which “a typical middle-class person [can] accumulate wealth.” Also Read: Major Bitcoin ETF Rejected by […]
The post Airbnb, Uber Investor Believes “Everybody Should Put Something Into Crypto” appeared first on Bitcoin News.
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