Tag: options

Bitcoin, Ethereum options worth $2.6b expire; investors show caution

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Bitcoin and Ethereum options worth early $2.6 billion in notional value expired today amid a broader market pullback.  According to Greeks.live, 25,000 BTC options expired, showcasing a Put Call Ratio of 0.56. The ratio indicates a higher interest in call options than puts, suggesting optimism among a segment of investors.  The Max Pain point stood at $67,000 with a notional value of $1.7 billion. Similarly, 250,000 ETH options expired, with a Put Call Ratio of 0.51 and a Maxpain point of $3,500, amounting to a notional value of $890 million.…

Flash News: Merlin Chain Now Supported on OKX DEX Aggregator, Expanding Trading Options

SINGAPORE, March 20, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for March 20, 2024. Merlin Chain Now Supported on OKX DEX Aggregator, Expanding Trading Options OKX DEX, a multi-chain, cross-chain decentralized exchange aggregator of 400+ other DEXs and approximately 20 bridges, has added support for Merlin Chain. This integration enables users to trade assets and perform cross-chain transactions on the Merlin Chain through OKX DEX.OKX also recently announced that it is the first major industry player to fully integrate Uniswap Labs’ trading APIs into its offerings.…

Bitcoin.com Announces Integration of VERSE Token With BitPay for Expanded Payment Options

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Bitcoin.com, a leading figure in the world of cryptocurrency and blockchain technology, is thrilled to announce a significant enhancement to the utility of its ecosystem token, VERSE. In a groundbreaking collaboration, VERSE has now been integrated with BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services. This integration heralds a new era of […] Original

$100K to $150K — Traders Target Six-Figure Heights With Long-Dated Bitcoin Call Options

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Recent data reveals a significant uptick in open interest for bitcoin futures and options across various trading platforms in recent weeks. On Monday, insights from QCP Capital indicated a notable interest in long-term September and December bitcoin calls, aiming for the lofty six-figure price brackets. Confidence Soars With Bets on Bitcoin Exceeding $100K Just last […] Original

Market Optimism Peaks as Bitcoin Call Options Aim for $100K Milestone

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Following bitcoin’s significant market activity this week, conversations around the bull market have hit a high pitch, with numerous predictions of substantial increases in the leading crypto asset’s price cycle. Evidence indicates that call options, with strike prices ranging from $80,000 to $100,000, are now in the mix, as speculators exhibit strong optimism. Bitcoin Bull […] Original

SEC delays spot Bitcoin ETF options request until April 4

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The SEC postponed a decision on two requests to bring options on spot Bitcoin ETFs to market following the successful launch by nine issuers, excluding Grayscale’s GBTC. According to a March 6 filing, the U.S. SEC delayed approving, denying, or initiating rule change processes for an application to list and trade options on BlackRock’s iShares Bitcoin ETF (IBIT) filed by Nasdaq.  A comment period for the proposal has already opened, and some five people have supplied feedback, asking the SEC to greenlight options trading on BlackRock’s spot Bitcoin (BTC) ETF.…

Bitcoin call options clustering at $70k show bullish skew

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Analysts highlight the significant concentration of call options for Bitcoin, set to expire at the end of March, with a strike price of $70,000. This information, provided by Bitfinex‘s Head of Derivatives Jag Kooner, suggests a growing optimism regarding Bitcoin’s (BTC) value. Derebit’s Top Volume By Instrument Chart | Source: Derebit Kooner notes that the put-call ratio, a key indicator of market sentiment, has consistently remained below 0.6 for the first time in six months, indicating a bullish outlook among traders. The global put-call ratio for Bitcoin options now stands…

Bitcoin options surge to $500m as whales apply cautious strategies

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The volume of Bitcoin put options traded in block trades has surged to over $500 million. Block trades are large transactions typically made outside the open market to avoid impacting the market price directly. A put option gives the holder the right, but not the obligation, to sell an asset at a specified price (strike price) within a certain period. According to Greeks.live, the trading activity was primarily focused on two strategies. The first was a bear spread strategy, typically used when an investor expects a decline in the market…

FOMO Fuels Bitcoin Price 35% Jump, Options Flow Hints At Bigger Upswing

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The price of Bitcoin seems on the brink of blasting past its all-time high (ATH) at the high area of its current levels. The cryptocurrency has been on a bull run due to the launch of spot Bitcoin Exchange Traded Funds (ETF), which officially onboarded institutions to the nascent sector. As of this writing, Bitcoin (BTC) trades at around $62,900 with a 3% profit in the last 24 hours. In the previous week, the cryptocurrency recorded a critical 22% profit. It stood as one of the three top gainers in…