Bitcoin bulls control Friday's $1.7B monthly options expiry

Bitcoin's surge above $40,000 boosted the bulls' advantage in this month's $1.7 billion options expiry.

Bitcoin traders watch $32K ahead of Friday's $330M BTC options expiry

Bulls managed to find some momentum, but holding the $32,000 support level will determine who is the victor of Friday's $330 million BTC options expiry.

Indian IT giant Tech Mahindra partners on blockchain system for vaccine tracing

Aiming to tackle the supply chain issues that impact the stock and expiry of COVID-19 vaccines, Tech Mahindra and blockchain firm StaTwig will roll out a “VaccineLedger” solution worldwide. As mass vaccination programs against COVID-19 become increasingly critical to many governments' strategies for pandemic management, blockchain firms are acting fast to propose ways in which the technology could offer solutions to some of the logistical hurdles involved.Blockchain company StaTwig — a graduate of the UNICEF Innovation Fund — was already trialing its blockchain-based solution VaccineLedger in 2019, in both India and the United States.

Ethereum bulls chase $2,200 ahead of Friday’s $230M ETH options expiry

A $2,200 Ethereum price would give bulls a $28 million advantage in this week’s ETH options expiry, but traders are more focused on the impact of the London hard fork in mid-July.

Bulls and bears fight over $34K Bitcoin price as $445M options expiry looms

Bitcoin bears could take a $31-million lead if BTC falls below $33,000 by Friday’s options expiry, but at the moment, both sides are balanced. Bitcoin (BTC) has been ranging from $30,400 to 36,400 for the last 12 days, and it has been difficult to pinpoint the exact reason for investors’ lack of appetite.

Waiting game: Why Friday’s $6B in Bitcoin and Ethereum expiries may not move the market

Traders are looking for BTC and ETH to make a decisive move ahead of Friday's $6 billion in quarterly futures and options expiries, but what does back-tested data show? After an incredible start in 2021, Ether peaked at $4,380 on May 12 but has dropped 55% since then.

Bitcoin price 'very near bottom' with $30K dip, says bullish institutional report

Stack funds draws attention to this week's $2.3 billion Bitcoin options expiry, with a potential change in sentiment coming thereafter. Bitcoin (BTC) is “very close to the bottom” and still commands a bullish long-term view, institutional crypto firm Stack Funds believes.In its latest report issued on June 23, analyst Lennard Neo said that despite the price meltdown, there was no reason to flip bearish in BTC.Stack: BTC macro view "remains the same"The report came the day after BTC/USD plummeted below $30,000 for the first time in six months, only to rebound to current levels above $34,000.Volatility came thanks to a mining shake-up which, it now appears, will see hashing power transfer en masse from China to other countries.“Bitcoin, too, closed lower, diving down 28% after failing to break $42,000 late last week.

Data shows Bitcoin bears dominate Friday's $2.5B BTC options expiry

Bears have a potential $450 million lead if Bitcoin fails to hold $32,000 until June 25. Bitcoin (BTC) price dropped roughly 22% over the past 7 days, retesting the $31,700 area for the second time in June.

Ethereum faces largest ever options expiry as bears appear to dominate

A record number of Ether options is set to expire on June 25 as ETH looks to BTC to reverse its price momentum.

Bulls aim to reclaim $40K ahead of Friday’s $520M BTC options expiry

Bulls will eliminate 99% of the bear’s protective puts if BTC trades above $40,000 on June 19. Bitcoin (BTC) bulls have little reason to celebrate the 25% rally over the past nine days.

Ethereum's $1.5B options expiry on June 25 will be a make-or-break moment

Bulls and bears are equally nervous about the possible outcome of the June 25 $1.5 billion Ethereum options expiry.

Bullish Bitcoin newsflow gives bulls a boost ahead of Friday's $565M options expiry

Bullish Bitcoin maneuvers from El Salvador, Victory Capital and MicroStrategy saved the day by giving bulls a much-needed boost and balancing out Friday's BTC options expiry. On Friday, June 11, a total of $565 million in Bitcoin (BTC) options are set to expire.

Market makers in ‘fear mode’ ahead of Friday’s $575M Bitcoin options expiry

Bears' misplaced belief that Bitcoin's price would drop to $32,000 allowed Friday's BTC options expiry to become unexpectedly balanced.

Crypto derivatives market down but not out as $3B expiry sours the mood

The spot price crash reveals a high correlation with the derivatives markets as nearly $3 billion worth of options stand to expire in May. Bitcoin (BTC) led the entire cryptocurrency market through a tumultuous period after the majority of the cryptoverse was painted red on May 19, a day now also referred to as “Black Wednesday.” BTC’s price fell below $40,000 for the first time since it blew past the resistance level on Feb.

$2.2 Billion Notional in BTC Options Set to Expire on Friday, Bitcoin Contango Has Returned

According to data from Skew Analytics, more than 55,000 bitcoin options contracts worth $2.2 billion will expire on Friday.

Monthly $1.9B Ethereum futures and options expiry will determine if ETH hits $3K soon

Ethereum bulls may have flipped $2,400 back to support, but Friday’s ETH options and futures expiry will determine if traders press the pedal for $3,000. The May 28 futures and options expiry could be a turning point for Ether (ETH) as the cryptocurrency rebounded 60% from its $1,730 low on May 23.

Bitcoin bears dominate Friday’s $2.1B BTC options expiry with a $585M lead

Bitcoin price is struggling to regain the $42,000 support as bears hold a $585 million advantage ahead of Friday's $2.1 billion BTC options expiry. A total of 53,400 Bitcoin (BTC) options are set to expiry on Friday, May 28.

Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a myth

Many traders believe the narrative that Bitcoin price drops ahead of CME BTC futures expiries, but data shows the trend is all bark and no bite. Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum.

Ethereum bulls maintain control ahead of Friday’s $730M ETH options expiry

Traders bullish on Ether have a $109 million advantage heading into the $730 million ETH options expiry on May 14. Ether (ETH) initiated a rally on April 25, which resulted in a 90% gain that pushed the price to $4,200.

Bears aim for sub-$60K Bitcoin price ahead of Friday’s $1.1B options expiry

Bitcoin bulls have a $104 million advantage leading into Friday's $1.1 billion options expiry, but a favorable close depends on BTC price reaching $60,000. Bitcoin (BTC) entirely recovered from its recent drop that saw the price fall to the $53,000 support level.

Ethereum bulls control 100% of this week's $470M ETH options expiry

Ethereum's spectacular rise to $3,300 has rendered all of the bearish put options worthless ahead of this Friday's $470 million expiry.

Bitcoin Breaks Above $57,000 As April Ends, Altcoins Continue To Rally

Bitcoin and the whole crypto market turned green at the close of April. The run-up to this month’s $4.2 billion options expiry was uneventful, with no signs of dissent.

Bitcoin bulls attack $57,000 and altcoins rally as April comes to a close

Altcoins moved toward new highs and Bitcoin price rallied above $57,000 shortly after today’s uneventful $4.2 billion monthly options expiry. Bitcoin (BTC) and the overall cryptocurrency market sprang to life on April 30 as an uneventful close to this month's $4.2 billion options expiry occurred without any signs of controversy.  Data from Cointelegraph Markets and TradingView shows that after a brief dip below the $53,000 support level on April 29, the price of Bitcoin staged a 10% rally back above $57,400 by midday.

Bullish ETH/BTC pair revives the Ethereum 'flippening’ discussion

Bitcoin price is clinging on to $53,000 while Ethereum’s increasing bullish momentum prompted renewed discussions of an ETH flippening. Bitcoin and the overall cryptocurrency market saw minor losses on April 29 as the market heads into the expiry of $4.2 billion worth of (BTC) options contracts.  Data from Cointelegraph Markets and TradingView shows that since reaching a high above $56,400 on April 28, the price of Bitcoin has dropped more than 6% back down near the $53,000 support level while Ethereum (ETH) continues to trade above $2,700. BTC/USDT 4-hour chart.

How important is 30th April for Bitcoin and Ethereum?

The weekly performance of Bitcoin before its Options expiry on the 30th of April has been significant.

Bitcoin price stalls in April, but $4.2B options expiry may revive run

As over $4 billion in BTC options contracts stand to expire, most options traders will feel “max pain,” while options writers could gain. What’s interesting about this particular options expiry is that the current max pain price for the expiry is $54,000, which is very close to the current trading price.

Sub-$60K monthly close will make Bitcoin's $3.9B options expiry a non-event

Bitcoin options traders hoped for a $60,000 monthly close, but the balance between calls and puts signal the expiry will be a non-event.

Bulls push Ethereum price higher ahead of Friday’s $930M options expiry

Bulls have a $115 million lead on Friday's $930 million Ethereum options expiry, a signal that ETH could be en route to new all-time highs.

Over $4 Billion in Bitcoin Options Set to Expire Friday, BTC Derivatives Markets Still Frothy

Bitcoin options markets are set to see a large expiry on Friday as more than 77,000 BTC worth over $4 billion in derivatives contracts are set to expire.

Here’s why bulls aren’t buying the Bitcoin price dip to $50,000

Data shows pro traders are not buying the current Bitcoin dip as tomorrow’s $1.55 billion options expiry looms.

Bitcoin bears have a $340M lead heading into Friday’s BTC options expiry

$1.55 billion in Bitcoin options are set to expire on April 23 and the recent BTC crash to $51,000 has given bears a $340 million advantage. Bitcoin (BTC) price is making a slow recovery after facing a sharp 16% correction in the early hours of April 18. While some analysts blame a 9,000 BTC deposit at Binance, others focused on the hashrate drop caused by a coal mining accident in China.

Ethereum bulls hedge their bets ahead of next week's $250M ETH options expiry

$250 million in Ethereum options are set to expire on April 23 and derivatives data shows bulls still have a slight advantage.

$161M Ethereum options expiry tilts toward bulls as ETH flips $2K to support

Ethereum price recently made a strong move above $2,000 and derivatives data suggests bulls are preparing to push ETH price higher. With no short-term solution in sight for the surging network fees, some investors are afraid that Ether (ETH) price could face a correction.

There's good reason you can expect this Bitcoin outcome after the latest expiry

After an exponentially bullish start to the year, the last few weeks have seen Bitcoin and the larger cryptocurrency market simmer down.

Pro traders close Ethereum longs even after today’s $1.15B options expiry

Data shows pro traders who bought the Ethereum price dip below $1,600 are now booking profits even though today’s $1.15 billion options expiry was uneventful. Ether (ETH) rebounded from a $1,550 low on March 24, which marked a 17% fall from the $1,870 weekly high.

Bitcoin Options Expiry Might Form New Support for a Bullish Price Surge

Expiring Bitcoin options may be a springboard for a new price discovery.

$51K Bitcoin price not a problem as ‘structurally, nothing has changed’

On-chain data points toward a bullish future for Bitcoin despite today’s sell-off to $50,400. On March 25, concerns surrounding the record-breaking $6.1 billion (BTC) options expiry this Friday sparked an overnight sell-off that dropped Bitcoin price to $50,400. The downturn was not a surprise for many traders and some called for a possible test of the $47,000 support level.

What the FUD? Fear drives Bitcoin price down, not Friday's $6.1B expiry

Analysts say Friday’s $6.1 billion Bitcoin options expiry is putting downward pressure on BTC price but derivatives data suggests otherwise.

Bitcoin price falls to $50K, but $6B options expiry can refuel bulls

The largest-ever Bitcoin options expiry of $6 billion nearly doubles the previous record.

Ethereum Price Analysis: 25 March

Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s Options expiry on Friday, the 26th of March, would se The post Ethereum Price Analysis: 25 March appeared first on AMBCrypto.

Bitcoin falls to two-week lows as $6 billion in options set to expire — What’s next?

Bitcoin has fallen through its recent support at $53,000 as volatility picks up before a record options expiry event.

Bitcoin tackles $56K as Tesla 'Elon candle' hits days before record options expiry

Elon Musk is "astutely aware" of the impact of options expiry, Zhu Su claims as Tesla sparks an unlikely uptick after a week of losses.

What To Expect as $6B Worth of Bitcoin Options Are Set to Expire This Friday

As the market is getting ready for the expiry of $6 billion worth of Bitcoin options this Friday, expectations abound as to what to expect of the BTC price.

Here's what to expect from the $1.15 Billion ETH options expiry

As the ETH community gears up for the Ethereum Berlin upgrade, the altcoin is trading at $1836 based on price data from CoinMarketCap.

Ethereum bulls may reemerge after March $1.15B ETH options expiry

Up to $1.15 billion worth of Ether options are set to expire on March 26, and data suggests bullish traders may make a show of force after the expiry. Over the past two months, the open interest on Ether (ETH) options increased by 50% to reach $3.1 billion, with ETH price gaining 44% in that time period.

Bitcoin bulls 'hold back’ as BTC’s monthly futures expiry approaches

Bitcoin price briefly rallied above $60,000 but analysts say bulls are holding dry powder until after the March BTC futures expiry. Bitcoin (BTC) briefly reclaimed the $60,000 level on March 18 as concerns over the strength of the equities market mount due to rising US Treasury yields.  Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin began increasing in the late-night trading hours on March 17 and it briefly crossed above $60,150 before meeting overhead resistance.

Bulls favored ahead of record $6.1B Bitcoin options expiry on March 26

Up to $6.1 billion worth of Bitcoin options are set to expire on March 26 but derivatives data suggests that the expiry favors bullish traders. Over the past two months, the open interest on Bitcoin options increased by 60% to reach $13.5 billion as the BTC price rose to a new all-time high.

This month’s Ethereum options expiry suggests ETH’s upside is limited

Ethereum price has been in an uptrend since the start of the year but key options indicators suggest overcoming the $2,000 level will be a challenge.

The $2.5B question: After Options expiry, where will Bitcoin head?

After an eventful race to the top with an ATH of $58,330, Bitcoin's price dropped by over 17 percent to hit $47,872 on the price charts.

Data show bulls are in charge of this month’s $3.2B Bitcoin options expiry

Bitcoin's rally above $56,000 shifted Friday's options expiry entirely in favor of bulls After a 160% increase over the past 3 months, the open interest on Bitcoin (BTC) options reached a new record-high at $12 billion.

Bitcoin bulls target $40K as Friday’s $1B BTC options expiry approaches

Friday’s $1 billion Bitcoin options expiry is tilted toward bulls who have set their sights on the $40,000 level. On Feb.

Institutional frenzy continues as CME Bitcoin trades at over 1% premium

Wall Street’s preferred Bitcoin future shows few are willing to be short on BTC. After a surprise rally fueled by an update to Elon Musk’s Twitter biography, demand for Bitcoin (BTC) appears to be particularly strong in professional trading circles. According to TradingView data, the ticker BTC1!, which represents CME’s Bitcoin futures contracts with the closest expiry — currently for February — is trading at over a 1% premium over spot BTC markets.

Bitcoin price dips below $30K but here’s why pro traders are still bullish

Data show pro traders are still bullish even as Bitcoin price dips below $30,000 and Friday’s $4 billion BTC options expiry approaches. In the last 24-hours Bitcoin (BTC) price dropped 10% today to test the $30,000 support.

Key metrics show this week’s $4B Bitcoin options expiry favors bulls

A record $4 billion worth of Bitcoin options expire on January 29 and multiple indicators suggest bulls have the upper hand. Over the past two weeks, Bitcoin price appears to have lost momentum and some analysts are suggesting that bears will be in control for the foreseeable future.

Crypto Derivatives Surge, Bitcoin Options Open Interest Climbs to $9.6 Billion

Bitcoin options open interest has reached $9.6 billion according to derivatives market data as the metric is nearing the high captured on January 7, 2021.

Investors can now trade Bitcoin futures without an expiry date

EQUOS has introduced a Bitcoin perpetual futures contract, possibly setting the stage for wider professional adoption of digital assets.

Bitcoin headed for Christmas volatility as 100K BTC options expire

The Bitcoin futures market has a major expiry date on Dec.

Christmas Day Derivatives Expiry Could Deliver The Gift Of Dangerous Bitcoin Volatility

Bitcoin price is still trading within striking distance of $20,000, however, momentum could be turning toward the downside after the critical resistance was unable to be broken again.

How One Bitcoin Options Trader Turned $638K Into $4.4M in 5 Weeks

As bitcoin rallied from $13,400 to over $19,000, a trader who bought the $36,000-strike January expiry call saw a paper profit of more than $4 million.

Bitcoin: Here's why the November 13 expiry might be a dud event

Bitcoin's [BTC] price recorded its 2020 high of $16,177 today, on the 12th of November.

Here’s why bulls aren’t bothered by Friday’s $525M Bitcoin options expiry

Even as $525 million in Bitcoin options expire on Friday, bulls are expected to strongly defend the $15.5K level. On Nov.

Bitcoin price rally to $15.3K obliterates bears $180M BTC options bet

This Friday’s unusual weekly $470 million Bitcoin options expiry seems bearish at first glance, but those bets have gone terribly wrong. On Nov.

Bitcoin-Gold high correlation has an expiry date

Whenever someones shout 'Bitcoin' in the crypto community, the chances of someone shouting 'Gold' back, are particularly high.

Here’s why Ethereum bulls don’t care about Friday’s $40M ETH options expiry

Despite $40 million in Ethereum options expiring on Friday, multiple indicators favor bulls as ETH 2.0 approaches. In the last few days Bitcoin (BTC) price rallied within a hair of the $14,000 level and Ether (ETH) followed with a similarly strong performance but the altcoin failed to hold above the $400 physiological support.  Bitcoin and Ethereum year-to-date performance.

Bitcoin at $13K: Gauging impact of expiry of 62k BTC options

The Bitcoin market after moving to its yearly-high of $13,864 had fallen under $13k on 28 October and has since bounced back.

The $750 Million Pre-Halloween Bitcoin Options Expiry Has Started to Spook Traders

Even though cryptocurrency traders have been exuberant over the price rise, a number of analysts are focused on the large bitcoin and ethereum options expiries set to end before Halloween.

Bitcoin Futures OI sinks on BitMEX: and it's a good sign

The recent losses were the aftermath of the US commodities and Futures Trading Commission [CFTC] coming down hard of BitMEX along with the expiry of futures contracts in the stock market.

New Stimulus Checks: Barbara Corcoran Slams Mark Cuban’s Expiry Date Idea, Favors Long-Term Relief

Famous investor and “Shark Tank” star Barbara Corcoran has criticized Mark Cuban’s “use it or lose it” approach to the second round of stimulus checks for Americans.

Here's how Bitcoin spot, derivatives will do, following the expiry

Bitcoin Options are holding steady, despite Friday’s expiries that amounted to over $1B.

How well did Ethereum do in the face of expiring contracts?

Ethereum's spot has remained unfazed by the expiry of nearly 460,000 ETH Options contracts on Friday.

Bitcoin's Price Holds Steady After $1 Billion of Options Expire

Despite potential tumult caused by a massive crypto exchange hack and the expiry of almost $1 billion worth of Bitcoin options contracts, Bitcoin's price is unfazed.

Bitcoin Options Open Interest Hits Record High in Expiry Week

Bitcoin's options market is more popular than ever with record open interest of more than $2.10 billion.

Bears reign as 86% of September’s $284M CME Bitcoin options are worthless

Bears lurk as Bitcoin price is down and $284M in CME BTC options are set to expire on Friday. As of now, the $622 million total open interest for BTC futures expiry on Friday seems quite relevant.  This Friday, a total of $100 million in CME Bitcoin (BTC) options are set to expire.

460k Ethereum options expire: how will it affect the price?

This week saw increased volatility in the crypto market, not only due to the expiry of Bitcoin contracts but also because of the expiry of Ethereum contracts.

Volatility Expected Ahead of Major Bitcoin and Ethereum Options Expiry Day

Both the bitcoin (BTC) and ethereum (ETH) markets could be in for some extra volatility as options contracts worth more than BTC 88,000 (USD 923m) and ETH 460,000 (USD 157.6m) are set to expire this Friday, analysts warned once again, while the previous large expiration failed to move the market. According to crypto derivatives exchange Deribit, the coming Friday marks an

Bitcoin is About to See Its Largest Quarterly Options Expiry Ever

It has been a rough past few days for Bitcoin and the aggregated cryptocurrency market, with sellers gaining full control after BTC following the benchmark digital asset’s inability to stabilize above $11,000.

Brace for impact - Expect something different from the next Bitcoin Options expiry

Bitcoin Options trading volume on the CME has consistently been higher than $7M over the past 3 months.

Bakkt's Bitcoin Futures volume drops by 65% on the back of latest expiry

Growing institutional interest has been a driver for Bitcoin’s price since July 2020.

$80M worth of expired Ethereum Options contracts - Here's what happened

The expiry of contracts worth $80M on 28 August 2020 was accompanied by a 3.29% change in Ethereum's price on spot exchanges.

Bitcoin price shakes off $157M BTC futures expiry — Is $12,000 next?

Bitcoin barely reacted to today’s CME futures expiry, but is this a bullish or bearish signal? Today’s Bitcoin (BTC) futures expiry was lackluster both in terms of price impact and volume.

Crypto market remains bullish as $1B in Bitcoin derivatives expire

Major monthly Bitcoin options and futures expiry sees markets becoming bullish on BTC. Bitcoin derivatives witnessed a major expiry event with a notional value of over $1 billion.

Ethereum Options traders await latest expiry with caution

Ethereum has been the leader of the market's altcoins for a long time now, with the cryptocurrency marking out its own route for the season with its own rallies.

Powell's speech slashed Bitcoin's price; Will Options expiry do the same?

Bitcoin's price was once again consolidating yesterday as many of the market's traders awaited the Federal Reserve Chair Jerome Powell's speech.

Bitcoin trader sees 6 bullish signs for BTC after Fed ‘non-event’

Bulls are still king as market signs point up, not down, says filbfilb — but Friday’s futures expiry could spell trouble. Bitcoin (BTC) can still top $13,000 and higher as a series of “non-events” still leave bulls in a powerful position. Data from Coin360 and Cointelegraph Markets showed BTC/USD climbing towards $11,500 on Aug.

Traders say Bitcoin now faces 2 main scenarios: $16K or $9.6K — Here's why

As Bitcoin price corrects, traders debate whether BTC will visit $9.6K or $16K first. The price of Bitcoin (BTC) has declined by more than 6% in the last three days and with the $276 million CME Bitcoin futures expiry approaching on Aug.

Here's what to expect as 66k Bitcoin Options await expiry

With another month coming to an end, it is important to note that month-ends are generally associated with the expiration of Bitcoin derivatives products.

Non event? Why Friday’s $272M CME Bitcoin futures expiry is irrelevant

Historical data shows Bitcoin price drops by 2.3% ahead of CME futures expiry, should traders expect increased volatility? Chicago Mercantile Exchange (CME) Bitcoin futures and options markets are set to mature this Friday, leading some traders to fear that the most recent BTC dump is a presage of weakening markets. According to a September 2019 Cointelegraph and Arcane Research report, there is typically a 2.3% drop ahead of each monthly CME expiry.

Deribit Suffers Outage Over ‘Hardware Issues,’ May Miss Thursday’s Options Expiry

Deribit faces missing today's expiry, but said it would "manually adjust" late contracts to reflect the expiry time.

How Investors Could See “Max Pain” Following Friday’s $740m Bitcoin Options Expiry

In just a few days, the Bitcoin options market will see a massive $740 million contract expiry, which accounts for roughly 37% of the total outstanding open interest within the market.

Ethereum price lingers at key resistance days before $112M options expiry

$112 million in Ethereum options expire on August 28 but data shows traders remain bullish even as ETH trades below $400. Ether (ETH) options contracts open interest have grown five-fold in the past three months to currently sit at $452 million. The $112 million set to expire this Friday could have a considerable market impact, although that will depend on the balance between bullish and bearish strategies. Ether options total open interest.

US Deadlock Over Stimulus Keeps Bitcoin Cautious; What to Expect?

Bitcoin began trading cautiously on Monday as US lawmakers struggled to finalize a stimulus plan following its expiry on July 31.

How is the Bitcoin market reacting to its biggest expiry

It's safe to say 2020 has not gone the way most people thought it would.

Will Bitcoin Futures fail to replicate Q2 2020's activity?

On 26 June, Bitcoin's quarterly Futures contract reached its expiry after Bitcoin Futures' Open Interest touched a 3-month high of $98 million on Deribit.

Best Before: 26 June 2020

What's going to be interesting is BTC options expiry as close to $1bn of open interest (or more than 100k BTC options) will set to expire today.

Market Says 'Meh' as Largest Ever Bitcoin Options Expires

Following what was hyped as “the largest options expiry in history” for bitcoin (BTC) Friday morning, little has changed in the bitcoin spot market so far, where prices today have hovered mostly in the range of USD 9,100 to 9,200. Zooming in on the shorter timeframes, however, it is clear that a brief sell-off occurred just ahead of the options expiry, followed by a

Even $7.9K Bitcoin Price Won’t Help Bears Ahead of $1B BTC Options Expiry

Even a 15% correction won’t help bears as Bitcoin price remains bullish ahead of Friday’s record $1.06 billion BTC options expiry. This Friday’s Bitcoin (BTC) futures and options expiry has been causing anxiety and excitement amongst traders as the price has oscillated with no clear trend for the past 30 days.  There have been moments of euphoria as the price briefly broke the $10,000 level earlier this month, but recently emotions have become slightly bearish as the market dropped below $9,000 on Wednesday night. Bitcoin (USD) versus S&P 500 mini futures. Sou

Is Scam Selling Suppressing the Price of Bitcoin?

Scam selling, a big win for privacy from Apple, new jobless claims in the “whack-a-mole” economy and the biggest BTC options expiry ever.

Deribit Has 63% Dominance Over the Bitcoin Options Market

Deribit has emerged as the most dominant Bitcoin derivatives exchange ahead of a massive expiry of options contracts on Friday.

Bitcoin Options Open Interest Hits Peak Hours Before Giant $1B Expiry

CME Group sees a new all-time high for combined Bitcoin derivatives open interest, with options driving the momentum. Bitcoin (BTC) options continue to see record open interest this week with a $1 billion expiration just one day away. According to data from on-chain analytics tool Glassnode and others, demand for options continues to underscore the uncertain market mood. CME Bitcoin futures open interest beats record On June 25, open interest in Deribit Bitcoin futures hit three-month highs of $98 million, while options open interest now stands at $1.2 billion.  The overall derivatives gains have been broadly driven by options demand — something that speaks to investors’ confidence in the Bitcoin price trajectory for the rest of 2020.  As Cointelegraph reported last month, when downward price pressure characterized BTC/USD in a similar way to current conditions, options data showed just a 9% chance of all-time highs of $20,000 returning this year.  Nonetheless, futures are booming — CME Group likewise posted record open interest for its futures and options on Wednesday. “The total open interest for bitcoin derivatives on CME (futures + options) just reached a new all-time high.

3 Indicators Show Traders Are Bullish on Friday’s Bitcoin Futures Expiry

The longer-term Bitcoin futures contracts premium has consistently increased alongside top traders net exposure, signaling bullish sentiment for Friday’s expiry. Investors are magnetically attracted by the $1.1 billion Bitcoin and Ether options expiry scheduled to occur Friday, June 26, but they might be missing some relevant indicators of the futures contracts.  June 26 will also be the last trading day for many weekly and monthly Bitcoin (BTC) futures totaling $665 million at the time of writing. For futures participants, longs (buyers) and shorts (sellers) are always balanced; hence no price impact can be inferred.