Here’s What the Bitcoin Options Market Says About Halving
The halving, due on April 20, will reduce the per-block bitcoin emission to 3.12 BTC from 6.25 BTC, slowing the pace of supply expansion by 50%.
The halving, due on April 20, will reduce the per-block bitcoin emission to 3.12 BTC from 6.25 BTC, slowing the pace of supply expansion by 50%.
The latest price moves in crypto markets in context for March 12, 2024.
By locking in the right to sell ETH at a specified price, options traders are preparing for short-term weakness after the cryptocurrency hit a two-year high.
Some traders have started buying puts to protect against a potential correction, according to Greeks.Live.
The way ether options are priced suggests investor preference for bets that prices will fall, contradicting the bullish outlook presented by some analysts.
We have seen interest in loading up more topside with strong demand for the March 2024 expiry calls, one OTC desk said.
The one-month call-put skew has risen above 10%, indicating a strongest bullish bias in 31 months.
Historically, puts have seldom traded at cheaper valuations for a prolonged period.