Ethereum options data highlights bears plan to keep ETH price under $3.6K
$4 billion worth of Ethereum options are set to expire on June 28, with the balance of forces centered around $3,500.
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$4 billion worth of Ethereum options are set to expire on June 28, with the balance of forces centered around $3,500.
This weeks Bitcoin options expiry sits at $1.35 billion, but what is the expected impact on BTC price?
The total OI notional value for all outstanding BTC options contracts is $19 billion.
Deribit exchange data reveals that the put-to-call ratio for Bitcoin options contracts is currently at 0.50, with a maximum pain point of $61,000.
Bitcoin bulls have strong incentives to push the BTC price above $70,000 on May 31, but the clock is ticking.
The upcoming 21,000 contract expiry is dwarfed by the significantly larger $4.3 billion options expiry on May 31, according to Deribit.
Regulation continues to be the primary concern for Bitcoin bulls, especially after the Commodity Futures Trading Commission (CFTC) sued Binance for trading and derivatives law violations. The regulator wants Binance to repay the trading profits, revenues, salaries, commissions, loans and fees it received from US citizens, as well as paying civil penalties for the violations. [...]
The post 3 reasons why Bitcoin bulls are well positioned to profit from this week’s $4.2B options expiry appeared first on Crypto Breaking News.
The upcoming $2 billion Bitcoin (BTC) monthly options expiry on July 28 could potentially establish $29,500 as a support level. Some argue that the recent U.S. Federal Reserve interest rate increase to 5.25% had a detrimental effect on risk-on assets like cryptocurrencies. However, Bitcoin bulls believe that the full impact of a tighter economic policy [...]
The post Bitcoin traders put eyes on $31K even as $2B in BTC options expire on Friday appeared first on Crypto Breaking News.
Weaker U.S. financial system has raised BTC bulls’ odds of profiting $780 million on April 28 options expiry.
News of regulatory enforcement against the crypto sector fell by the wayside as the Bitcoin price rallied above $30,000, and options data suggests the trend will continue.
BTC bulls are positioned to win this week’s $1 billion options expiry, but the market’s post-FOMC reaction could alter their plans.
BTC bears are outnumbered based on open interest volume, but bulls' hopes of $20,000 before 2023 have already been hampered.
The outcome of the Ethereum Merge will be a primary price drive that dictates whether ETH bears profit from this week’s $490 million options expiry.
BTC bulls were liquidated in last week’s drop to $20,800, meaning even more downside could occur if this level fails ahead of this week’s $1 billion options expiry.
Bulls bet on BTC prices above $60,000 for the June monthly options expiry, and now pro investors are going to pay a hefty price for being wrong.
BTC price lost the momentum that had pushed it to $32,300 on May 31, but this week’s option expiry could help bulls recapture the key price level.
BTC price is in a freefall, and data suggests bears will keep the pressure on until April 8’s options expiry.
BTC price struggles to sustain $40,000, but March 18's options expiry might give bulls the $160 million profit needed to keep the positive momentum.
Bitcoin price is no longer in reach of $40,000, but data shows bulls are willing to take a few short-term losses in order to strengthen their next run at the key resistance level.
ETH bulls will need to keep searching for positive news, especially as bears apply extra pressure ahead of Friday’s $1.1 billion monthly options expiry.
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