Bitcoin price is correcting, but what does futures data show?
BTC price rejected near $58,000 but derivatives data shows traders positioned in a neutral-to-bullish, leaving sufficient “room” for a new all-time high in 2021.
Auto Added by WPeMatico
BTC price rejected near $58,000 but derivatives data shows traders positioned in a neutral-to-bullish, leaving sufficient “room” for a new all-time high in 2021.
Bears are in deep trouble as ETH bulls are likely to pocket $115 million from Friday's options expiry.
Hash rate, supply shock and U.S. credit risk are likely the causes for the BTC rally.
BTC's futures markets premium and options risk gauge show that there are not any signs of excessive leverage or FOMO from traders — yet.
The Iron Condor options strategy gives risk-averse traders a safer way to profit from a potential $3,400 to $5,400 ETH price.
$700 million in BTC options expire on Friday, and derivatives data signals that bears are positioned to profit from a sub-$45,000 Bitcoin price.
Bitcoin traders say $43,600 needs to be regained to restore the bullish uptrend, but BTC futures and options data are showing signs of distress.
Bitcoin derivatives markets flipped neutral-to-bearish after China’s ‘crypto ban’ announcement triggered a BTC price dip to $40,600.
This week's price action shows Bitcoin bulls were a bit overzealous about Friday's $3 billion BTC options expiry.
Traders are long on Ethereum, but derivatives data suggests that $4,000 ETH is a long shot in the short term.