Tag: bitcoin options

Mar 26 2021

$6B Bitcoin Options Contracts Expire Today, Will Bitcoin Price Breach All Time High?

Bitcoin Options contracts worth $6 billion are set to expire today as all eyes are set on Bitcoin price. Historically, Bitcoin Options expiry has turned out to be a bullish event as the past three months have seen BTC price first register a...

Bitcoin Miners are Now Holding BTC, Uptrend Likely in April

In brief: Bitcoin Miners' Position Index (MPI) has been low since March 6th Bitcoin miners are now holding BTC rather than selling 90k Bitcoin options expired earlier today on Deribit, removing the anxiety of additional selling April could be a green month based on historical data Bitcoin miners are now holding their BTC rather than selling it in the crypto markets as witnessed...

Bitcoin Bulls Take Control Ahead of $6bn Options Expiry; What to Expect?

Bitcoin retained its intraday bullish bias Friday just ahead of its $6 billion options expiry. In retrospect, options are contracts that give traders the right to purchase or sell an asset at a specified price before a certain expiration date. Data on ByBt.com shows that there is over 100,000 BTC worth of options set to expire on Friday, March 26,...

Mar 25 2021

Bitcoin Plunges Despite Tesla Boost Ahead of Record Options Lapse

An earlier morning boost in the Bitcoin market Wednesday, led by Tesla's announcement that it would accept the cryptocurrency as payment for its electric vehicles, turned jittery ahead of the US session close, leading to a decline of more than $5,500 and ending the day 3.81 percent lower....

Mar 23 2021

$5.5 Billion Worth of Bitcoin Options Expire on Friday

Bitcoin options worth $5.5 billion in notional value are set to expire on Friday, threatening a drop to the maximum pain price of $44,000. Bitcoin Options Set to Expire Quarterly and monthly Bitcoin options, primarily traded on Derebit, will expire on Friday, Mar. 26. Those contracts have an...

117k Bitcoin Quarterly Options Expire this Friday, March 26th

Summary: 117k Bitcoin Options expire this Friday, March 26th The maximum pain point for the expiry is $44k according to the team at Deribit Insights Bitcoin has lost the $55k support zone with $53k the level to watch moving forward A drop to $49k seems likely Bitcoin will undergo a big quarterly expiry of options this Friday, March 26th. According to data from...

Feb 11 2021

Bitcoin (BTC) has a 12% Chance of Exceeding $100k By End of 2021

In brief: Bitcoin has a 12% chance of breaking $100k by the end of 2021 This forecast is based on data from current Bitcoin options contracts Elon Musk's tweets on Bitcoin and Dogecoin could increase interest in owning the two digital assets Bitcoin looks set to retest $48k in the short term Bitcoin (BTC) has a 12% chance of closing 2021 at a...

Jan 27 2021

Bitcoin Battles to Hold $30k as 120k BTC Options Expire this Friday

Quick take: Bitcoin has just dipped to the $29,200 price area forming what looks like a doubled bottom Bitcoin has since regained $30k and is battling to maintain the $30,700 support area 120k Bitcoin options expire this Friday and could provide additional selling pressure However, on-chain metrics for active Bitcoin addresses hint of bullishness The King of Crypto has just experienced a drastic...

Jan 25 2021

Large Bitcoin Options Positions May Boost Price Volatility This Week

Jan 25 2021 Published at CoinDesk under tags  bitcoin bitcoin options markets options

As long as these options remain open in the market, the next couple of days could be volatile for bitcoin.

Jan 13 2021

Trading Hall of Fame: The Bitcoin Options Bet That Made $58.2M Profit on Just $638K

Jan 13 2021 Published at CoinDesk under tags  bitcion bitcoin options deribit markets options

Back in October, one trader made a long-shot bet that bitcoin would hit $36,000 by January. It paid off in a spectacular way.

Jan 12 2021

Bitcoin Options Volume on Deribit Already 25% of 2020 Total

$14.5 billion in bitcoin options have traded on Deribit in the first two weeks of 2021.

Jan 03 2021

Deribit Review: Cryptocurrency Futures & Options Trading

Deribit is a Bitcoin trading platform that enables individuals around the world to engage in futures and options trading. The team behind the project combined the first letters from the words Derivates and Bitcoin in order to create the name of their website, and members can use Bitcoin in order to make deposits, withdrawals, and [...] The post Deribit Review: Cryptocurrency Futures &...

Dec 17 2020

Bitcoin has a 50% Chance at Surpassing $30k in 2021 – BTC Analyst

Quick take: Timothy Peterson has forecasted that Bitcoin has a 50% chance at surpassing $30k in 2021 Bitcoin has just set an all-time high of $23,800 - Binance rate The daily BTC/USDT still hints of bullishness and Bitcoin could keep moving higher Deribit has introduced a Bitcoin options contract expiring September 2021 with a $100k strike price Such an options contract might be...

Dec 07 2020

How One Bitcoin Options Trader Turned $638K Into $4.4M in 5 Weeks

Dec 07 2020 Published at CoinDesk under tags  bitcoin bitcoin options deribit markets

As bitcoin rallied from $13,400 to over $19,000, a trader who bought the $36,000-strike January expiry call saw a paper profit of more than $4 million.

Oct 30 2020

Deribit’s Sees Largest Bitcoin Options Trade

The world's largest cryptocurrency, Bitcoin was being traded at $13,499 after a rather swift uptrend from $10,000. However, some market participants in the derivatives world appear to be aiming for at least $30,000 in the next three months. Crypto derivatives exchange Deribit revealed that the largest ever Bitcoin options has been filled on the platform. The post Deribit's Sees Largest Bitcoin Options Trade...

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