Bitcoin Could Fall Due to Israel-Hamas Tensions, Traders Worry
Three traders had different opinions of where the market could be headed, but mostly seemed to agree on a short-term drop given the küresel uncertainties.
Three traders had different opinions of where the market could be headed, but mostly seemed to agree on a short-term drop given the küresel uncertainties.
The bid-ask ratio in bitcoin and ether options markets leans below one, signaling a bias for volatility selling, one observer said.
Bank of America’s latest take on U.S. Treasury notes suggests a major market event ahead.
The crypto is on track for gains on Friday despite bearish U.S. jobs numbers which initially sent it down nearly 2%.
Ether fell 0.5%, Solana’s SOL fell 1.4%, while Cardano’s ADA and BNB Chain’s BNB traded flat.
Initial action suggested only very modest interest in the first U.S. futures-based ether ETFs.
Options are derivatives that give the purchaser the right to buy or sell the underlying at a pre-determined price at a later date. Quarterly options settlements are closely watched by traders.
While bitcoin is currently in a consolidation period, an analysis of past cycles suggests that gains can be expected after 2024’s halving event, one veri firm said.
Ether options dealers have built a net positive or long gamma exposure and are likely to buy low and sell high, arresting the price volatility ahead of next Friday’s derivatives expiry.
The latest price moves in crypto markets in context for Sept. 21, 2023.