Bitcoin’s $6.1 billion options expiry was not enough to break the bearish sentiment
Bulls had a 90% higher open interest coming into Dec. 31 options expiry but bears managed to balance the scales at $47,175.
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Bulls had a 90% higher open interest coming into Dec. 31 options expiry but bears managed to balance the scales at $47,175.
ETH price could hit new lows near $3,600, but derivatives data suggests pro traders still feel bullish.
Bitcoin, altcoins and stocks rallied shortly after the Fed laid out its policy roadmap for 2022, but bears still have an advantage in this week $755 million options expiry.
Bitcoin price has yet to reclaim the $50,000 level, but the actions of options market makers and margin traders at Bitfinex suggest the most recent correction is over.
BTC bulls are looking at a $300 million loss after last week’s 11.5% correction set them up as the losers of Dec. 10’s $1.1 billion options expiry.
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.