2020-9-10 14:17 |
Some are calling the white-hot Defi space a bubble that is unsustainable. origin »
Bitcoin price in Telegram @btc_price_every_hour
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Bitcoin faces $11b options expiry as BTC and ETH trade below max pain, with traders watching $60,000 support and downside hedging this week.
Bitcoin rebounded near $63.4K as Iran deal hopes cooled risk-off pressure, while ETF outflows and options data kept $60K support in focus.
Bitcoin and Ether options worth about $2.5B expire today, with traders watching BTC’s $60K-$62K support zone and weak spot demand.
Bitcoin and Ethereum options worth $7.5B expired as BTC fell below $75K and ETH traded near $2K, keeping risk appetite weak.
Bitcoin options expiry saw $1.6B in BTC contracts settle, as Greeks.live data showed lower IV, weak demand, and defensive whale positioning.
Bitcoin’s brief drop below $80,000 during the last 24 hours has exposed a more fragile market after weeks of gains, but options traders are not yet treating the pullback as the start of a deeper breakdown.
The crypto market held close to the $2.5 trillion market cap with no signs of movement as traders reassess their positions amid the current market environment. Bitcoin (BTC), the so-called digital gold asset, has stalled shortly after reclaiming the $70,000…