Crypto Derivatives | ForkLog

ForkLog 9 29.11.2024

Ethereum Predicted to Surpass $4000 Before Trump’s Inauguration

Growing investor interest and hopes for regulatory easing are setting the stage for an Ethereum rally above $4000 before Donald Trump’s inauguration. This conclusion was reached by Block Scholes and Bybit Analytics. Analysts noted an increase in OI for perpetual contracts on the second-largest cryptocurrency by market capitalization on Bybit ($8.9 billion), surpassing the equivalent […]

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ForkLog 13 29.11.2024

Bitcoin Futures Open Interest Surpasses $60 Billion

On November 29, the total open interest (OI) in bitcoin futures reached approximately $61 billion, down from a record ~$64 billion the previous week. This is according to data from Coinglass. Data: Coinglass. Over five weeks, the metric has grown by more than half. Bitfinex stated that this does not pose an imminent risk of […]

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ForkLog 11 25.11.2024

FalconX Warns of Waning Bitcoin Bull Initiative

The relative advantage of bullish bitcoin orders has weakened, allowing sellers to gain a more dominant position. This conclusion was reached by FalconX, according to CoinDesk. This indicates that the upward momentum, which drove prices to around $100,000 following the US elections, is not supported by new buying interest. The smoothed 3 DMA measure of […]

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ForkLog 7 22.11.2024

Ethereum Futures Open Interest Hits Record $20.8 Billion

On November 22, open interest (OI) in Ethereum futures surged by over 12% to an ATH of $20.8 billion, indicating bullish momentum. This was reported by CryptoQuant, according to The Block. Data: Coinglass. The metric has increased by more than 40% over the past four months, surpassing the previous peak of $17 billion in May. […]

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ForkLog 7 20.11.2024

Bitcoin Nears Record High of $94,000 Amid BTC-ETF Options Launch

On the evening of November 19, the price of the leading cryptocurrency reached a new all-time high, surpassing $93,900. The excitement surrounding the launch of options trading on BlackRock’s spot Bitcoin ETF may have been the catalyst. Hourly chart of BTC/USDT on Binance. Data: TradingView. At the time of writing, the asset is trading at $92,400. […]

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ForkLog 22 19.11.2024

Nasdaq to List Options on BlackRock’s Spot Bitcoin ETF

On November 19, Nasdaq will commence trading options on BlackRock’s spot BTC-ETF, according to Decrypt, citing exchange representatives. The listing is made possible by the approval from the Options Clearing Corporation (OCC), which was the final hurdle following the green light from the SEC. Re bitcoin ETF options, now the OCC just posted a response […]

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ForkLog 3 15.11.2024

Bitcoin Faces Correction Risks Amid High Leverage, Warns Expert

The distribution of implied volatility in the bitcoin options market suggests a high probability of trading at lower levels, according to experts from Blofin, as reported by CoinDesk. “Traders have reached an implicit consensus that prices for the leading cryptocurrency and altcoins are still high, and a pullback is possible,” commented the specialists. Blofin noted […]

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ForkLog 20 13.11.2024

Mine, baby, mine: how miners turned into speculators—and the risks for the market

While investors focus on US exchange-traded funds, bitcoin miners are adapting to the new regime after the April 2024 halving. It cut daily issuance from 900 to 450 BTC. Yet, contrary to common belief, aggregate revenues for the diggers of digital gold have barely changed. Oleg Cash Coin examines what large miners are doing to […]

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ForkLog 26 09.11.2024

SEC Postpones Decision on Spot Ethereum ETF Options Again

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the New York Stock Exchange’s (NYSE) proposal to list options based on spot Ethereum ETFs. The document mentions Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust, as well as “any trust holding ether.” The agency had planned to decide on […]

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ForkLog 6 07.11.2024

Glassnode Identifies Key Factor for Bitcoin’s Post-Election Growth

Following a record high amid the US elections, Bitcoin is poised to maintain its growth trajectory due to an influx of fresh capital. In the wake of the highly anticipated US Presidential Election, #Bitcoin has broken to a new ATH of $75.4k. Under the surface, volatility continues to brew across option markets while on-chain capital […]

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ForkLog 5 04.11.2024

Bitcoin’s Potential Local Bottoms Ahead of US Elections

The options market anticipates a new all-time high for Bitcoin by the end of November and increased volatility post-US elections. Traders have noted the possibility of Bitcoin’s price retreating to $65,000 before a rebound. The price of Bitcoin is expected to hit $66,200 before a rebound ahead of the US presidential elections, according to trader […]

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ForkLog 7 25.10.2024

Bitcoin’s $100,000 Surge: A 10% Probability According to Options Data

Open positions in the bitcoin options market on Deribit indicate a 9.57% probability of the asset surpassing $100,000. This observation was highlighted by CoinDesk analyst Omkar Godbole. “Options are derivatives that give the buyer the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a […]

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