(Edited by James Rubin and Greg Ahlstrand)Good morning. Here’s what’s happening:Market moves: Bitcoin slumps below $48,000, as December’s options expiration nearsTechnician’s take (Editor’s note): Technician’s Take is taking a hiatus for the holidays. In its place, First Mover Asia is publishing CoinDesk reporter Sanadali Handagama’s interview with European Parliament member … [Read more...] about First Mover Asia: Bitcoin Slumps to Below $48K Ahead of $6B Options Expiry
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Bearish Sentiment Grips Bitcoin Ahead of $3B Options Expiry
Bitcoin put options, derivatives offering downside protection, continue to become pricier, implying bearish sentiment. The price volatility may rise as major exchanges, including Deribit, are due to settle monthly options on Friday.The three-month put-call skew, which measures the cost of puts relative to calls, has turned positive, hit a 6-week high of 3%, according to data … [Read more...] about Bearish Sentiment Grips Bitcoin Ahead of $3B Options Expiry
Traders expect Ethereum price to drop further ahead of Friday’s $550M options expiry
Ether's (ETH) 330% year-to-date gain has been largely fueled by the growth of decentralized finance and the explosion of non-fungible tokens. Proof of this comes from OpenSea, the largest NFT marketplace, surpassing the impressive mark of $10 billion in accumulated trading volume.However, traders worry that the 15% correction that followed the $4,870 all-time high on Nov. 10 … [Read more...] about Traders expect Ethereum price to drop further ahead of Friday’s $550M options expiry
Friday’s $540M Ethereum options expiry favors traders with targets at $5K
Ether (ETH) bulls are probably very pleased with the 368% gains accrued so far in 2021 and it seems like not a day passes where the altcoin doesn’t hit a new all-time high. Even with Ether on the path to $5,000, there are still plenty of concerns about the network's capability to absorb the strong demand coming from the decentralized finance (DeFi) and non-fungible token (NFT) … [Read more...] about Friday’s $540M Ethereum options expiry favors traders with targets at $5K
Data shows Ethereum bulls expect a new ATH after Friday’s $1.25B ETH options expiry
Ether (ETH) has gained 950% in 2021 and from the look of things, the altcoin has no intention of stopping. This can also be seen in the ultra-optimistic bets for October’s $1.25 billion options expiry. However, this phenomenon is not exclusive to Ether bulls.The right to acquire Ether at a fixed price in the future does not come at a cheap price. On Sep. 4, the $5,000 call … [Read more...] about Data shows Ethereum bulls expect a new ATH after Friday’s $1.25B ETH options expiry