Options

Ethereum (ETH) options for June show a marked interest in higher strike prices, focusing on levels exceeding $3,600. Data from Deribit reveals a concentrated bet among traders on calls surpassing this price, indicating a bullish sentiment toward Ethereum’s near-term trajectory. The most favored strike price among these optimistic bets is an ambitious $6,500. Options Market Bullish On Ethereum  Notably, options are contracts that give traders the right, but not the obligation, to buy (in the case of calls) or sell…

As the clock ticks closer to the end of today, May 3, the cryptocurrency market braces itself for potential upheavals, with roughly $2.4 billion worth of Bitcoin and Ethereum options set to expire. This significant event could catalyze notable shifts in market dynamics, steering the trajectory of Bitcoin and Ethereum prices in the near term. Notably, Options contracts in the crypto sphere allow traders to hedge against price volatility or speculate on future price movements without directly holding the assets.…

According to data from Kaiko, a bullish bias persists for Bitcoin options despite the recent market volatility. Last week, Bitcoin experienced volatility, briefly dipping below the $57,000 mark before experiencing a weekend rebound fueled by easing concerns over Fed interest rates. Bullish Shift in the Bitcoin Options Market The decline in Bitcoin’s price last week proved advantageous for put options set to expire at the end of May. Put options within the $57,000 to $60,000 range briefly entered the money,…

23.000 Bitcoin options with a notional value of $1.4 billion are close to expiration today amid an extension of the broad market bearishness. According to the data, 334,248 Ether contracts with a notional value of $1 billion may also expire after the disappointing performance of the Hong Kong ETF. Bitcoin (BTC) price made a marginal upward reversal of 1.8% in the last 24 hours after falling below the $60K price zone to reach $58K. Additionally, the monthly and year-to-date performance…

There are around 23,000 bitcoin options about to expire on May 3. These have a notional value of around $1.4 billion which has been pretty similar to previous expiry events. Crypto markets have been dumping hard all week but have recovered marginally in late trading on May 2. However, bitcoin remains under $60,000 and sentiment has turned bearish in the short-term. Bitcoin Options Expiry Today’s big batch of Bitcoin contracts have a put/call ratio of 0.49. This means that there…

The post Quickex Expands Cryptocurrency Options with Over 200 Coins Available for Exchange appeared first on Coinpedia Fintech News Quickex, a cutting-edge cryptocurrency exchange platform, announces a key milestone by enabling over 200 coins on its platform, revolutionizing its users’ trading experiences. This innovative action shows Quickex’s dedication to satisfying its users’ changing needs and retaining its spot in the crypto exchange industry. Since its establishment in 2018, Quickex has prioritized trading experience and a safe platform for users and…

The post Bitcoin Options Activity Signals Cautious Optimism appeared first on Coinpedia Fintech News On May 1, 2024, the total BTC options open interest is notably high at $17.09B, despite Bitcoin’s drop to $57,660. The market shows a preference for calls over puts, with 66.25% of open interests being calls, indicating a cautiously optimistic sentiment. This sentiment is supported by the last 24H trading volumes, where calls also led puts, representing 52.25% of the volume. This reinforces a trend of…

The post Bitcoin ETFs Under Stress, Options Data Project Tough Recovery appeared first on Coinpedia Fintech News With the entire crypto market facing another crossroads, the post-Bitcoin Halving days in 2024 are witnessing an increase in volatility. As the bearish sentiments are slowly taking over the market, the sudden spikes in some altcoins reflect an underlying bullish stand.  As the general market anticipates Bitcoin price prediction of $100,000 in 2024, the 7D post-halving return shows minimal upside. This is because…

The US Securities and Exchange Commission (SEC) has delayed decisions regarding options trading on spot Bitcoin exchange-traded funds (ETFs) and is expected to deny the proposals for Ethereum ETFs. These decisions reflect the cautious approach of the regulatory body towards cryptocurrency products in the financial markets. SEC Might Delay Bitcoin and Ethereum ETFs The SEC has postponed its decision on the approval of options trading for spot Bitcoin ETFs. This delay, announced in a recent filing, calls for further public…