Today, 18,000 Bitcoin options worth $1.23 billion expire, a smaller event than last week's $15 billion. Weakness persists in the market with $150 billion outflow. Bitcoin retreats to $66,500, Ethereum to $3,275. Altcoins show mixed performance.
EdmundBitcoin bulls optimistic as Deribit's $15B options expiry nears. Speculation of $80,000 surge post-expiry. Current price at $70,140, with $200,000 target predicted. Cautious optimism urged amidst market volatility.
EdmundBTC, Crypto Markets, How Options Are Fueling Bitcoin Rise? Golden Finance, the market whisper has become a roar
JinseFinanceAs Bitcoin and Ethereum options expire, a $3.4 billion event adds to selling pressure. Markets at $1.64 trillion valuation show a 0.5% gain but face downward trends. Grayscale and miner sell-offs persist, impacting Bitcoin and Ethereum prices.
Xu LinGolden Weekly is a weekly blockchain industry summary column launched by Golden Finance. The content covers key news of the week, market and contract data, mining information, project trends, technology progress and other industry trends.
JinseFinanceWhile Ethereum created history by taking over Bitcoin in the options market, the ETH futures contract entered price backwardation.
CointelegraphBTC bulls aim to secure a $235 million profit from July 22’s BTC options expiry, but a downside move below $22,000 could nix this plan.
CointelegraphPredicting a market bottom is pretty much impossible, but clever traders use options strategies like the Iron Condor setup to target a particular trading price range.
CointelegraphSEC Chairman Gary Gensler reaffirmed his plans to crack down on cryptocurrencies on Tuesday, with the key bitcoin futures and options indicator confirming traders' regulatory concerns.
CointelegraphBTC price might be consolidating or even reaching a short-term top, but that doesn’t stop pro traders from using options to generate profits.
Cointelegraph