Is Bitcoin Headed For $34,000? Large Buyer’s Purchase May Signal Yes
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Bitcoin is finally seeing some green after trading at a loss over the past two weeks. The cryptocurrency continues to trade within a tight range, but activity in the options market could hint at a potential run toward new highs. As of this writing, Bitcoin (BTC) trades at $27,900 with a 2.5% profit in the last 24 hours. Over the last week, the cryptocurrency has seen twice the profits recording a 4.4% performance. Other cryptocurrencies in the top 10 by market cap are experiencing similar momentum. Bitcoin Options Hint At Fresh Rally? Data from crypto options trading platform Deribit indicates
Today is a crucial day in the cryptocurrency market, as more than $14 billion worth of Bitcoin and Ethereum options are due to expire. Such a huge expiration may result in significant price changes and trading volumes. Currently, Bitcoin is trading at around $85,000, down by 3% from earlier this…
The Bitcoin Options traders have been pricing in low implied volatility, but on-chain data shows a setup ripe for amplified price swings. Bitcoin Options ATM IV Has Been Trending Lower In its latest weekly report, the analytics firm Glassnode has talked about how the volatility risk associated with Bitcoin looks from…
The cryptocurrency market was the first to react to the macroeconomic shock that devastated global markets over the weekend. One analyst predicts more volatility is on the horizon. “I expect implied volatility to continue at a high level in cryptocurrency markets until the macro side calms down,” said Bohan Jiang,…