Fresh Bitcoin price highs put bulls in profit for Friday’s $1.2B BTC options expiry
Bitcoin’s surge to $69,000 took bears by surprise and cemented bulls expected $400 million profit at Friday’s $1.2 billion options expiry.
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Bitcoin’s surge to $69,000 took bears by surprise and cemented bulls expected $400 million profit at Friday’s $1.2 billion options expiry.
Here’s how traders use the risk reversal options strategy to maintain “safe” exposure to Bitcoin’s price action.
Bitcoin price dropped to $60,700 on Nov. 4 and bears are keen to pin the price under $62,000 to profit from Nov. 5’s options expiry.
Bitcoin's surge to $67,000 has given bulls an advantage in Oct. 22's $1.8 billion BTC options expiry.
Prior to the launch of the Proshares Bitcoin Strategy ETF (BITO), open interest in bitcoin futures products has been surging since the start of the month, according to data from…
Everyone is cheering for the BTC ETF, but options markets data shows that the implied probability for Bitcoin trading above $70,000 on Oct. 29 is just 25%.
BTC price rejected near $58,000 but derivatives data shows traders positioned in a neutral-to-bullish, leaving sufficient “room” for a new all-time high in 2021.
The Iron Condor options strategy gives risk-averse traders a safer way to profit from a potential $3,400 to $5,400 ETH price.
This week's price action shows Bitcoin bulls were a bit overzealous about Friday's $3 billion BTC options expiry.