$3.4 Billion In Bitcoin Options Expires, Triggering Market Squeeze — Details
Bitcoin’s price action has been grossly dramatic throughout the year. After reaching its current all-time-high price of $126,000 in early October, the world’s leading cryptocurrency saw a rapid flip to the downside. Since reaching its October high, Bitcoin spiraled to as low as $80,500, a more than 15% negative deviation in reviewing year on year […]
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Bitcoin's fall from from $37,000 to below $30,000 within 48 hours saw the biggest daily red candle ever. The price of Bitcoin (BTC) is continuing to reject the $35,000 resistance level, falling below $30,000 briefly overnight on Jan. 22. BTC has pared some losses since, bouncing above $31,500. At these prices, however, BTC/USD is headed for its worst week ever, losing over $5,000 in the past four days, as the bulls attempt to establish $32,000 as new support. BTC/USD 1-week candle chart (Coinbase). Source: TradingviewThere are three main reasons why the price of Bitcoin dropped so steeply....
Trading at $48,747 with a 1.1% profit in the past day, Bitcoin remains rangebound. The first crypto by market cap has been unable to break from the $45,500 to $49,500 channel in the last 7-days, but a combination of factors could increase volatility soon. Related Reading | TA: Bitcoin Gains Momentum, Why Rally Isn’t Over Yet NewsBTC has been reporting on the possibility of a short squeeze for Bitcoin. The recent price action was most likely the result of the post-crash as the market needed time to form a range, and institutions de-risked their positions. Large players are now....
State-of-the-art binary options trading platform OptionsClick is offering one of the highest payout ratios to its clients. The broker, which is licensed and regulated by CySEC, is ensured to offer a fixed return on every winning trade. It typically returns 70-85% upon the predicted - or "in the money" - expiration of an option, while it also returns 0-15% on options that are expired "out of the money." "For example," OptionsClick explains, "an investment of $100 that expires "in the money" will return $170-185 to the investor - that is, the original sum plus $70-85. If the option expires....
The largest-ever Bitcoin options expiry of $6 billion nearly doubles the previous record. The biggest-ever Bitcoin options expiry is due on March 26. Over $6 billion worth of Bitcoin (BTC) options will expire across exchanges on Friday, with a majority of these options being on Deribit. This will be a record expiry in terms of the value and number of options — a total of 100,400 Bitcoin options will expire. The previous record was set in January when nearly $4 billion worth of options expired, representing 36% of the open interest at the time.The enormous upcoming expiry comes on the back....
Open interest for Bitcoin options almost touched $6 billion. Amid an ongoing bull run of Bitcoin (BTC), Bitcoin options are hitting a new historical milestone. Bitcoin options are derivative contracts that grant the holder the right, but not the obligation, to buy or sell BTC at a predetermined price.According to data from Skew, Bitcoin options volumes crossed $1 billion on Dec. 16. Skew announced the news Thursday on Twitter, noting that Bitcoin options saw its “first $1 billion day.”Deribit, a major global crypto futures and options exchange, had the largest BTC options volume on the day....