Bitcoin bulls aim for $25K price on Friday’s $510M options expiry
BTC price has been gaining momentum as it nears $24,000, and this week's options expiry could help bulls profit $200 million.
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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.
Ethereum's “Merge” upgrade is expected to induce volatility in ETH price, but options traders can safely remain long by using this strategy.
BTC futures and stablecoin margin data show whales holding steady even as Bitcoin price failed to hold above $24,000.
Ethereum network developers confirmed September as the date of the upcoming Merge, a move which prompted traders to flip long on ETH.
BTC bears aim for a $360 million profit in July 29’s $1.76 billion monthly options expiry, but the FOMC interest rate decision could play a decisive factor.
The trading of Bitcoin and Ether futures on CME remained elevated in the second quarter, with daily open interest hitting all-time highs.
ETH price hit resistance at the $1,600 level, but this is not stopping options traders from opening fresh leveraged longs.
Data shows investors jumping back into fiat and a lack of bullish leverage in the crypto market suggests another correction is in the making.
BTC derivatives used by whales and market makers do not support a continuous price recovery above $24,000.