The Bitcoin market remains subject to high uncertainty, with bearish sentiments at heightened levels. In the last week, the premier cryptocurrency attempted another failed breakout as prices faced stiff resistance at the $75,000 level. With Bitcoin now back to around $70,000, Glassnode data on the options market shows that traders are pushing for more downside…
View More Bitcoin Market Caution Rises After Failed Breakout: Glassnode Data
Bearish sentiments continue to dominate the Bitcoin market as the premier cryptocurrency looks to record a fifth consecutive monthly loss. Presently, prices are consolidating beneath the $70,000 mark, as market bulls struggle to force a decisive breakout above the resistance zone. Amid this choppy price action, data from the Bitcoin options market shows that traders…
View More Bitcoin Options Update: Market Panic Fades But Traders Remain Defensive – Details
Glassnode has explained how the Bitcoin options Open Interest has been climbing recently and looks set to explore new all-time highs (ATHs). Bitcoin Options Open Interest Has Already Bounced Back From Oct Expiry In a new options market. This segment of derivatives trading involves traders betting on future price moves through contracts giving the right…
View More Bitcoin Options Craze: OI Looks Set To Keep Printing ATHs, Glassnode Says
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 volatility risk associated with Bitcoin looks from the perspective of on-chain analysis. The indicator shared by Glassnode…
View More Bitcoin Options Traders Expect Quiet—But On-Chain Data Suggests Chaos
According to crypto options traders, Bitcoin (BTC) is primed to break through its previous all-time high (ATH) regardless of who wins the US presidential election in November. US Elections Results Not Consequential As the US presidential elections inch closer, a slight change in tone can be observed among crypto options traders regarding its implications on…
View More Bitcoin Options Traders See $80,000 BTC By November End, US Election Outcome Irrelevant
Bitcoin (BTC) may experience increased volatility in the coming days, driven by speculation surrounding another Chinese fiscal stimulus announcement and the expiration of BTC options worth $1.1 billion. Chinese Stimulus Measures To Help Bitcoin? According to the State Council Information Office, China’s Finance Minister, Lan Fo’an, is expected to provide details on upcoming fiscal stimulus…
View More Bitcoin Price Braces For Volatility Ahead Of Chinese Stimulus Speculations, Options Expiry