Regulatory fears put a damper on Ethereum traders’ $5,000 target
This week, ETH price came within 2% of a new all-time high before U.S. lawmakers announced a hearing to discuss stablecoins and the need for eventual regulation.
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This week, ETH price came within 2% of a new all-time high before U.S. lawmakers announced a hearing to discuss stablecoins and the need for eventual regulation.
With BTC price under $57,000, bears appear to have a slight advantage in this week’s $950 million BTC options expiry.
Not sure which way BTC price might go? Here’s how pro traders use the Iron Condor options strategy to place carefully hedged bets.
Bears took control of BTC price after options markets flashed bearish signals, but should traders be worried?
$1.25 billion in ETH options expire on Nov. 26 and bulls are better positioned above $4,200.
Nearly $3 billion in BTC options expire on Nov. 26, and bears are better positioned below $58,000.
The absence of cascading liquidations, 25% delta skew and the margin lending ratio all suggest that Bitcoin price bottomed at $56,500.
Last week, bulls had a $715 million advantage when Bitcoin price was above $68,000, but the current downturn gives bears a chance to turn the tables.
Bitcoin price is hitting resistance while trading 7.75% below its all-time high, but derivatives data shows pro traders are still aiming for $80,000 by January.
ETH price dropped to $4,400 during the Nov. 11 correction, but data shows traders expect the altcoin to surpass $5,000 soon.