Bitcoin bulls target prices above $58K ahead of Friday’s $820M options expiry
$820 million in BTC options expire on Oct. 15, and data signals that bulls are set to celebrate another positive week.
Auto Added by WPeMatico
$820 million in BTC options expire on Oct. 15, and data signals that bulls are set to celebrate another positive week.
Hash rate, supply shock and U.S. credit risk are likely the causes for the BTC rally.
$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 derivatives markets flipped neutral-to-bearish after China’s ‘crypto ban’ announcement triggered a BTC price dip to $40,600.
$810 million in BTC options expire this Friday, and derivatives data suggests bulls are keen to push the price through the $50,000 level.
$655 million in BTC options expire on Sept. 3, and data suggests bulls may be motivated to break the $50,000 resistance prior to the expiry.
Overly-confident Ethereum options traders are nervously watching the $3,200 level ahead of this week’s $800 million ETH options expiry.
Bitcoin has lost the $50,000 level but derivatives data lays out a few good reasons why bulls might march on the resistance level ahead of Friday’s $2 billion BTC options…
The Fed’s plan to taper a massive monthly economic stimulus pulled stocks down, but BTC ignored critical comments and looks strong heading into Friday’s options expiry.