Bitcoin’s $6.1 billion options expiry was not enough to break the bearish sentiment
Bulls had a 90% higher open interest coming into Dec. 31 options expiry but bears managed to balance the scales at $47,175.
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Bulls had a 90% higher open interest coming into Dec. 31 options expiry but bears managed to balance the scales at $47,175.
Retail and institutional investors love derivatives instruments. Here‘s how they could impact crypto markets in 2022.
Bitcoin, altcoins and stocks rallied shortly after the Fed laid out its policy roadmap for 2022, but bears still have an advantage in this week $755 million options expiry.
BTC bulls are looking at a $300 million loss after last week’s 11.5% correction set them up as the losers of Dec. 10’s $1.1 billion options expiry.
Last week, bulls had a $715 million advantage when Bitcoin price was above $68,000, but the current downturn gives bears a chance to turn the tables.
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.