Bitcoin bulls to defend $40K leading into Friday’s $760M options expiry
BTC price struggles to sustain $40,000, but Friday's options expiry might give bulls the $160 million profit needed to keep the positive momentum.
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BTC price struggles to sustain $40,000, but Friday's options expiry might give bulls the $160 million profit needed to keep the positive momentum.
Traders who believe ETH will recover but unlikely surpass $3,800 ahead of May can benefit from the skewed iron condor strategy.
The Biden administration’s dovish approach to crypto sector regulation and a bounce in equities markets could give bulls a boost in Friday’s $790 million options expiry.
Recent strength in BTC and the recovery in equities markets are boosting investors’ confidence and giving bulls the upper hand in Friday’s $860 million options expiry.
The crypto market is starting to turn around, raising opportunities for risk averse traders to use the Long Condor options strategy to long ETH.
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.
BTC price briefly flashed bullish, but derivatives data show bear are in control of January’s $2.3 billion monthly options expiry.
A key risk indicator for BTC options hit its highest level in six months, possibly signaling that $32,930 was the bottom.
Regulatory uncertainty and tighter monetary policies continue to weigh on BTC price, but data shows bulls are attempting to provoke a reversal.
Key BTC trading metrics are sitting on the edge of the “worst outcome” scenario, suggesting that the current sell-off is far from over.