Year-end Bitcoin options poised for bullish close with $5.7 billion expiry

Year-end Bitcoin options poised for bullish close with $5.7 billion expiry
фото показано с : cryptoslate.com

2023-11-30 20:00

Quick Take

As we approach the last trading month of 2023, set to close on Dec. 29, an intriguing pattern surfaced in the Bitcoin options market on the Deribit exchange. Open interest, a metric representing unsettled options contracts betting on Bitcoin’s future price, is gearing for another option expiry on the last Friday of December.

The market is demonstrating an intriguing spread of strike prices — the predetermined prices at which an option can be exercised. The data reveals roughly $368 million in call options at a $40,000 strike price, $347 million at $45,000, and about $250 million at $50,000. These peak values of call options and bets predicting an upward movement in Bitcoin’s price suggest a concentrated bullish sentiment around these strike prices.

Options Open Interest By Strike Price: (Source: Glassnode)

Additionally, the current put/call ratio stands at 0.5. This indicates a bullish market trend, as there are two call options for every put option (bets predicting a price drop). Thus, as we head into the closing days of 2023, the Bitcoin options market is presenting a bullish tilt, as indicated by the substantial volume of call options against put options. Roughly $5.7 billion of notional value is set to expire on Dec. 29.

Options Open Interest By Strike Price: (Source: Deribit)

The post Year-end Bitcoin options poised for bullish close with $5.7 billion expiry appeared first on CryptoSlate.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 65075.7 (+0.03%)
Объем 24H $19.771b
Изменеия 24h: 0.80 %, 7d: 2.20 %
Cегодня L: $64118.55 - H: $65132.05
Капитализация $1304.477b Rank 1
Цена в час новости $ 37852.51 (71.92%)

options bitcoin expiry close unsettled representing metric

options bitcoin → Результатов: 126


LedgerX’s Physically Settled Bitcoin Futures Have Not Been Approved By CFTC Yet

Yesterday, reports came out that LedgerX was finally launching the physically delivered bitcoin [BTC] options and custody that they had been working on, according to The Block. In the original report, The Block had spoken previously with LedgerX’s CEO, discussing the way that this product would open doors for institutional investors. While these previous reports […]

2019-8-2 21:06


Kraken bitcoin exchange adds new funding options in five major currencies

Kraken bitcoin exchange adds new funding options in five major currencies » CryptoNinjas Kraken, the popular bitcoin and cryptocurrency exchange company, announced that its clients now have new options to deposit and withdraw USD, EUR, CAD, GBP, and JPY globally through Etana Custody In collaboration with Etana Custody, almost every Kraken client across 180+ countries has access to new funding options in five major currencies – USD, EUR, […] Kraken bitcoin exchange adds new funding options in five major currencies » CryptoNinjas

2019-7-30 13:27


Фото:

Unique Zero-Fiat ‘Bitcoin Bond’ Debuts on Bloomberg Terminal

The range of Bitcoin investment options for institutional and retail investors continues to expand as two European companies debut a zero-fiat Bitcoin Bond on Bloomberg Terminal. This one is for the HODL Crowd A recently published press release shows that the London Block Exchange (LBX) and Argento have partnered to develop a zero-fiat bond which is denominated in Bitcoin.

2019-7-5 06:55


Bitcoin Buying Options in South Korea is Nealry $1,000 USD Higher than the Global Market

Over the last few days, Bitcoin experienced another significant surge which saw the price shoot up all the way to $13,000 before retracing. The price surge was another exciting period that reassured many that the possibility of the number one coin hitting its previous all-time high and even surpassing it was quite feasible. As usual, […]

2019-6-29 19:06


New Rasberry Pi 4 Releases As A Functional Device To Operate In A Full Bitcoin Network Node Capacity

As blockchain grows in popularity, there is a distinct increase in the technology that allows users to harness its power as well as an increase in the various capabilities of a number of networks. All these exist to cater to the ever-growing blockchain market and benefits the end users as they are given more options […]

2019-6-25 22:31