Bitcoin options data shows bulls aiming for $17K BTC price by Friday’s expiry

Bitcoin (BTC) price crashed to $15,500 on Nov. 21, driving the price to its lowest level in two years. The 2-day-long correction totaled an 8% downtrend and wiped out $230 million worth of leverage long (buy) futures contracts. The price move gave the false impression to bears that a sub-$15,500 expiry on the Dec. 9 […]
Bitcoin options data shows sub-$17K BTC price gives bears a $200M payday on Friday
Bitcoin (BTC) crashed below $16,000 on Nov. 9, driving the price to its lowest level in two years. The 2-day correction totaled a 27% downtrend and wiped out $352 million worth of leverage long (buy) futures contracts. To date, Bitcoin price is 65% down for 2022, but it’s essential to compare its price action against […]
Binance CEO not interested in Alameda’s offer to buy up its FTT holdings
Changpeng “CZ” Zhao, CEO of cryptocurrency exchange Binance, appears disinterested in Alameda Research’s offer to buy out the crypto exchange’s FTX Token (FTT) holdings. Zhao responded to a question on Nov. 7 on Twitter asking if he would take up the offer by Alameda Research CEO Caroline Ellison to buy Binance’s FTT holdings for $22 per […]
Binance to liquidate its entire FTX Token holdings after ‘recent revelations’
The CEO of cryptocurrency exchange Binance, Changpeng “CZ” Zhao, said his company will liquidate the entirety of its position in FTX Token (FTT), the native token of competing exchange FTX. In a Nov. 6 tweet, Zhao said the decision was made after “recent revelations that have came to light.” In a later tweet, CZ explained […]
Bitcoin bulls aim for a post-FOMC win in Friday’s $640M BTC options expiry
The past few months have been painful for Bitcoin (BTC) bulls, but they are not alone. The United States Federal Reserve’s tightening economy policy has led investors to seek protection in cash positions and inflation-protected bonds. Surging inflation and recession signals have caused the S&P 500 stock market index to retreat 19% year-to-date. Even gold […]
3 major mistakes to avoid when trading crypto futures and options
Novice traders are usually drawn to futures and options markets due to the promise of high returns. These novice traders watch influencers post incredible gains and at the same time multiple advertisements from derivatives exchanges that offer 100x leverage are at times irresistible for most. Although traders can effectively increase gains by recurring derivatives contracts, […]
Bitcoin traders were ready for a hot CPI report, but BTC bears are still in control
Cryptocurrency traders were caught by surprise after the Oct. 13 Consumer Price Index Report showed inflation in the United States rising by 0.6% in September versus the previous month. The slightly higher-than-expected number caused Bitcoin (BTC) to face a 4.4% price correction from $19,000 to $18,175 in less than three hours. The abrupt movement caused […]