CME Plans Launch of Micro Bitcoin and Ethereum Options by End March
The world’s largest financial derivatives exchange plans on launching micro options for Bitcoin and Ethereum at the end of the month. The post CME Plans Launch of Micro Bitcoin and Ethereum Options by End March appeared first on BeInCrypto.
CME to launch micro bitcoin and ether options in March
CME is planning to add to its suite of micro crypto derivatives with the planned launch of micro bitcoin and ether options this March. The post CME to launch micro bitcoin and ether options in March appeared first on The Block.
CME Group plans to launch micro-sized Bitcoin and Ether options
The futures options, expected to start trading on March 28, will come more than two years after the CME Group launched a BTC options trading product in January 2020. Major derivatives marketplace Chicago Mercantile Exchange Group will launch options trading for its micro Bitcoin and Ether futures products.In a Tuesday announcement, the CME Group said that, subject to regulatory review, it plans to launch options contracts for its existing micro Bitcoin (BTC) futures and micro
Waiting game: Why Friday’s $6B in Bitcoin and Ethereum expiries may not move the market
Traders are looking for BTC and ETH to make a decisive move ahead of Friday's $6 billion in quarterly futures and options expiries, but what does back-tested data show? After an incredible start in 2021, Ether peaked at $4,380 on May 12 but has dropped 55% since then. Unlike the leading cryptocurrency, the Ethereum network faces competition from projects that do not depend on proof-of-work, hence not facing the bottleneck issues that caused transaction fees to skyrocket.When
Ethereum has strong fundamentals, so why are pro traders bearish on ETH?
Ethereum price has outperformed Bitcoin by 32% since May but derivatives data shows pro traders are feeling less bullish about the top altcoin. Ether (ETH) has outperformed Bitcoin (BTC) by 32% since May and even though there has been a steady flow of bullish reports from JPMorgan and Goldman Sachs, derivatives metrics show elements of bearishness in both assets. Ether and Bitcoin price change since May. Source: TradingViewBitcoin is trading 41% below its $64,900 all-time hig
Market makers in ‘fear mode’ ahead of Friday’s $575M Bitcoin options expiry
Bear's misplaced belief that Bitcoin price would drop to $32,000 allowed Friday's BTC options expiry to become unexpectedly balanced. On June 4, a total of 15,530 Bitcoin (BTC) options are set to expire, which represents $575 million in open interest. At the moment, bulls are still heavily impacted by May's 37% BTC price correction, and this has led most call (buy) options to be underwater.Despite the crash, Bitcoin's active supply reached a five-month low as 45% of the coin
Market enters a 'wait-and-see phase' as Bitcoin struggles below $40,000
Traders remain cautious following last week’s brutal sell-off, but on-chain data is beginning to signal increasingly bullish activity while the crypto market awaits the next major move. Price action for Bitcoin (BTC) and the wider cryptocurrency market was relatively subdued on May 27 as nervous traders remain unsure of what comes next following last week’s market plunge that saw leveraged traders wiped out as BTC dipped as low as $30,000 before its price rebounded. Data fro
Ethereum Options Trade Volume Exceeds Bitcoin’s, Deribit Introduces a $50K ETH Strike for 2022
Last week, ethereum options volume surpassed bitcoin’s for the first time on the digital currency derivatives exchange Deribit. Further, the trading platform recently introduced a $50k ETH strike for March 2022 and explained the $50k call is “gaining immediate buy traction.” Ethereum Options Volume Grows Exponentially, $50K Strike Flexes Muscle When it comes to bitcoin […]
Bears aim for sub-$60K Bitcoin price ahead of Friday’s $1.1B options expiry
Bitcoin bulls have a $104 million advantage leading into Friday's $1.1 billion options expiry, but a favorable close depends on BTC price reaching $60,000. Bitcoin (BTC) entirely recovered from its recent drop that saw the price fall to the $53,000 support level. This move back to $57,500 relieved bulls from the negative pressure of the May 7, 3,500 BTC options contract, which represents $200 million in open interest along with a $1.1 billion options expiry.Today's swift reco
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 (BTC) has been struggling to sustain the $55,000 support level for the past 16 days, or basically since the April 17 record-high $5 billion long contracts liquidation. The rejection that took place after the $64,900 all-time high had a devastating impact on the sentiment of retail traders, as measured by the perpetual futures fund
Ether options trading volume surpassed that of bitcoin’s for the first time on Deribit
Crypto derivatives exchange Deribit experienced an unusual trend for the first time on Monday: Its ETH options trading volume surpassed that of bitcoin's. The post Ether options trading volume surpassed that of bitcoin’s for the first time on Deribit appeared first on The Block.
Bullish ETH/BTC pair revives the Ethereum 'flippening’ discussion
Bitcoin price is clinging on to $53,000 while Ethereum’s increasing bullish momentum prompted renewed discussions of an ETH flippening. Bitcoin and the overall cryptocurrency market saw minor losses on April 29 as the market heads into the expiry of $4.2 billion worth of (BTC) options contracts. Data from Cointelegraph Markets and TradingView shows that since reaching a high above $56,400 on April 28, the price of Bitcoin has dropped more than 6% back down near the $53,000 su
How important is 30th April for Bitcoin and Ethereum?
The weekly performance of Bitcoin before its Options expiry on the 30th of April has been significant. BTC was up by more than 10% at press time heading into Friday’s $4.2 billion options expiry. While there is current speculation on the asset registering another period of price swing following the expiry, the options market has […]
Glass half full: Bitcoin options traders neutral after 28% BTC price dip
Bitcoin options data shows pro traders are neutrally positioned despite BTC's dip to $47,000 and the subsequent 15% recovery. Bitcoin (BTC) might have recovered from the $47,000 low seen on April 25, but the subsequent 15% bounce was not enough to bring optimism to the BTC options markets. Even at the present $54,000 level, the price remains 17% below the $64,900 all-time high reached on April 14.The popular Crypto Fear & Greed Index reached its lowest level in 12 months, sig
Here’s why bulls aren’t buying the Bitcoin price dip to $50,000
Data shows pro traders are not buying the current Bitcoin dip as tomorrow’s $1.55 billion options expiry looms. Bitcoin (BTC) has been bouncing at the $51,000 support for the past 44 days. Typically, this would be interpreted as a positive occurrence, especially considering that the $50,000 level represents a 75% advance in 2021. However, cryptocurrency investors are typically short-term-focused and always overly optimistic. Thus, the current narrative for Bitcoin is slowly
Bitcoin bears have a $340M lead heading into Friday’s BTC options expiry
$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 advantage. Bitcoin (BTC) price is making a slow recovery after facing a sharp 16% correction in the early hours of April 18.While some analysts blame a 9,000 BTC deposit at Binance, others focused on the hashrate drop caused by a coal mining accident in China. Regardless of the reason behind the $51,200 low, options market makers were forced to adj
$2.52B in bearish Bitcoin options signal pro traders are hedging their bets
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 to $50,000 range. Bitcoin (BTC) has been trying to break the $60,000 resistance for the past 23 days. Generally, investors don’t seem too worried about this as they consider it a healthy consolidation period, and even recent analysis from JPMorgan Chase estimates that BTC price will reach $130,000. Even as most investors expect Bitcoin pri
Do $100K–$300K Bitcoin call options signal a bullish BTC price path?
Derivatives exchanges now offer $100,000 to $300,000 Bitcoin call options but how keen are pro traders to take the bait? The open interest on Bitcoin (BTC) Dec. 31 call options between $100,000 and $300,000 reached an impressive 6,700 contracts, which is currently worth $385 million. These derivatives give the buyer the right to acquire Bitcoin for a fixed price, while the seller is obliged to honor it.One might think that this is a great way to leverage a long position, but
BeInCrypto Weekly News Round-Up: March 26, 2021
This week, Bitcoin and Ethereum saw their lowest levels on exchanges ever. Additionally, $6 billion worth of Bitcoin options contracts expired on March 25. Meanwhile, the token of Theta Network breached the top 10 in market cap, as it delayed the launch of its 3.0 mainnet. Lowest Levels on Exchanges Yet The growing interest in … Continued The post BeInCrypto Weekly News Round-Up: March 26, 2021 appeared first on BeInCrypto.