Bitcoin price rally to $18K possible as $275M in BTC options expire on Friday
Bitcoin bulls aim to push BTC price to $18,000 and options data outlines clear reasons why. Go to Source Powered by WPeMatico
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Bitcoin bulls aim to push BTC price to $18,000 and options data outlines clear reasons why. Go to Source Powered by WPeMatico
The BTC futures premium remains a topic of concern, but it appears that traders are starting to price similar risks for the upside and downside. Go to Source Powered by WPeMatico
Ethereum’s price is up today with most options traders anticipating a run toward $3,500-$4,000 before April 2023. Go to Source Powered by WPeMatico
Derivatives played a major role in the last bull market and it’s highly likely that they will be integral in the market’s evolution in 2023. Go to Source Powered by WPeMatico
Reasons for bearishness include U.S. Federal Reserve tightening, the absence of leverage buyers’ demand, and fearful BTC option traders. Go to Source Powered by WPeMatico
Demand for leverage buying remains absent in ETH despite the recent bounce to $1,200 as the U.S. Federal Reserve continues to hike interest rates. Go to Source Powered by WPeMatico
The total crypto market cap is at risk of falling below $825 billion, but data shows traders actively adding to their longs and shorts. Go to Source Powered by WPeMatico
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
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
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