Bitcoin bears need BTC price to go below $27K ahead of Friday’s $900M options expiry
Bitcoin price giving up ground over the past week to slide below $28,000 has put bears in a better position for Friday’s expiry.
Bitcoin price giving up ground over the past week to slide below $28,000 has put bears in a better position for Friday’s expiry.
Professional Bitcoin traders are favoring sideways price action as BTC futures premium drops and the options delta skew nears 0%
The total crypto market cap has been ranging sideways, but Bitcoin derivatives markets indicate pro traders don’t expect any major price corrections.
BTC options and futures markets show no use of excessive leverage from buyers, a healthy indicator as the $28,000 support gets retested.
Ether traders have been neutral-to-bearish for the past week, indicating little confidence in ETH breaking above $2,000.
Ether options volume hints at bearish sentiment as the $1,850 support falters.
The upcoming version will combine aspects of an automated market maker (AMM) and money market.
Will $30,000 BTC price hold? Bitcoin market structure remains bullish with another 10% gain on the table as sellers refrain from shorting.
BTC price continues to show strength and derivatives data suggests that bulls intend to press Bitcoin higher.
Commodities rallied as the U.S. Treasury struggled with the banking crisis, but Bitcoin bulls also overplayed their hand in this week’s options expiry.