Bitcoin pushes to $40K, but are bulls strong enough to win Friday’s $735M options expiry?
$735 million in BTC options expire on May 6 and data suggests that the current macroeconomic conditions will continue to favor bears.
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$735 million in BTC options expire on May 6 and data suggests that the current macroeconomic conditions will continue to favor bears.
BTC is in a lengthy downtrend but three key price metrics explain why traders are confident that the $38,000 level will hold.
BTC price continues to trade in a wide range, providing an opportunity for options traders to use the Iron Condor strategy.
Digital currency markets have been tumultuous during the past month as bitcoin shed 15.43% and ethereum dropped 17.49% against the U.S. dollar. Moreover, crypto spot volumes are down 18.95% lower…
Holding BTC price below $39,000 will give bears a $350 million profit in this week’s $1.9 billion options expiry.
Ethereum Foundation members expect “the merge” to happen before year-end and savvy options traders will profit using this options strategy.
BTC staged a small relief rally, but securing $41,000 is the key to determining whether or not the current sell-off has ended.
Regulatory uncertainty, potential competition from tech giants and a market nearing exhaustion are all factors impacting ETH price.
BTC price is in a freefall, and data suggests bears will keep the pressure on until Friday’s options expiry.
BTC price took a sharp tumble below a key support level, but data shows today’s dip could be another buying opportunity for bulls.