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BTC’s $335 million options expiry has become a death trap for bulls, and increased legal action by the SEC and IRS against crypto companies is adding to the sell pressure.
Investors have been crafting their strategies for navigating the volatility that could arise as the Ethereum Merge takes place. Here are a few to consider.
Should traders expect further downside after BTC failed to hold above $25,000?
Under the U.S. Commodity Exchange Act and CFTC regulations, derivatives exchanges must have approval to operate as a Designated Contract Market or a Swap Execution Facility.
BTC futures data shows bulls are not sure that Bitcoin price will hold above $24,000, but range-bound action could help them profit from Aug. 12’s $475 million options expiry.
Derivatives data show a clear path to $29,000, but inflation and unemployment data will continue to be crucial to determining BTC price rallies.
Despite a handful of the top-80 coins gaining 12% or more over the past week, Tether's premium in Asia and futures markets activity show buyers lacking confidence.
Data shows Ethereum options traders are less bearish than before, but lower gas fees and smart contract deposits give ETH bulls little hope.
BTC price has been gaining momentum as it nears $24,000, and this week's options expiry could help bulls profit $200 million.
High correlation to stock markets and recession risks limit optimism on the part of BTC investors.