Bitcoin Rebound Has Crypto Options Traders Anticipating $100K
The number of active bitcoin call contracts is significantly higher than puts, indicating bullish market sentiment.
The number of active bitcoin call contracts is significantly higher than puts, indicating bullish market sentiment.
The business has a number of positive catalysts including its smart wallet, Coinbase Prime, layer-2 network Base and its growing international offering, the analysts said.
Ironlight, helmed by the former küresel head of trading of Schroders and Abu Dhabi sovereign wealth fund ADIA with the ex-CEO of TD Bank as an adviser, aims to be a premier tokenization, listing and trading ecosystem for real-world assets targeting big investors.
Recently, traders have sold $80,000 BTC call options expiring at the end of May to generate additional yield, one observer said.
Hopes for a series of interest rate cuts in 2024 have all but vanished over the past few weeks as both the economy and inflation exhibit unanticipated strength.
Recent U.S. economic veri could prompt more hawkish forward guidance from the Federal Reserve.
Bitcoin’s dominance rate has risen past key level, signaling further upside, according to Fairlead Strategies.
Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.
Brandt’s latest view is based on a statistics concept called “exponential decay.”
The crypto market is balancing the threat of stagflation against a potential liquidity injection from the Treasury General Account (TGA), and the launch of Hong Kong’s bitcoin ETFs.