Bitcoin derivatives data suggests a BTC price pump above $18K won’t be easy
The BTC futures premium remains a topic of concern, but it appears that traders are starting to price similar risks for the upside and downside.
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The BTC futures premium remains a topic of concern, but it appears that traders are starting to price similar risks for the upside and downside.
Ethereum's price is up today with most options traders anticipating a run toward $3,500-$4,000 before April 2023.
Derivatives played a major role in the last bull market and it’s highly likely that they will be integral in the market’s evolution in 2023.
Reasons for bearishness include U.S. Federal Reserve tightening, the absence of leverage buyers' demand, and fearful BTC option traders.
Demand for leverage buying remains absent in ETH despite the recent bounce to $1,200 as the U.S. Federal Reserve continues to hike interest rates.
The total crypto market cap is at risk of falling below $825 billion, but data shows traders actively adding to their longs and shorts.
BTC bears are positioned to profit from this week’s Bitcoin options expiry, especially if price stays below $18,000.
Leveraged long margin traders are playing with a hot potato, and with BTC struggling at $17,000, they might get burned sooner than later.
Regulatory pressure continues to limit each upside breakout, but data shows some compelling reasons for an eventual crypto market rally.
BTC bulls could secure a $130 million profit in the Dec. 9 options expiry, but bears aim to balance the scales by keeping Bitcoin price below $17,000.