Bitcoin Options – Page 16

Pro traders buy the Bitcoin price dip while retail investors chase altcoins

Data shows pro traders are heavily accumulating the current dip in Bitcoin price while retail investors are occupied with trading altcoins.

Bitcoin price is clinging on to $53,000 while Ethereum’s increasing bullish momentum prompted renewed discussions of an ETH flippening.

Bitcoin options data shows pro traders are neutrally positioned despite BTC’s dip to $47,000 and the subsequent 15% recovery.

Data shows pro traders are not buying the current Bitcoin dip as tomorrow’s $1.55 billion options expiry looms.

$1.55 billion in Bitcoin options are set to expire on April 23 and the recent BTC crash to $51,000 has given bears a $340 million

The open interest on bearish put options has risen to $2.52 billion as traders look for protection against a BTC price drop to the $40,000