$655 million in BTC options expire on Sept. 3, and data suggests bulls may be motivated to break the $50,000 resistance prior to the expiry.
Read morePro traders are mildly skeptical about Bitcoin’s recent return to $50K
Bitcoin’s price finally recaptured the $50,000 level, but data shows that pro traders are somewhat skeptical for a variety of reasons.
Read moreBitcoin gains strength as Friday’s $600M BTC options expiry approaches
The Fed’s plan to taper a massive monthly economic stimulus pulled stocks down, but BTC ignored critical comments and looks strong heading into Friday’s options
Read moreBitcoin bulls aim for $50K ahead of Friday’s $675M BTC options expiry
$675 million in BTC options expire this Friday and derivatives data suggests that bulls are favored to increase their control of the market.
Read moreBitcoin accumulation accelerates among ‘whales’ and ‘fish’ with BTC rallying to $40K
“This is just on-chain sentiment, though. The big question is, how does that correlate to the price action in general?”
Read moreBears scattered as Bitcoin hit $40K, but pro traders remain cautious
Bitcoin’s rally to $40,000 alleviated some of the bearish sentiment in the market, but data shows derivatives traders still walking on eggshells.
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