Renewed Bullishness Expected After Bitcoin, Ether's $10B Options Expiry on Friday
Submitted by Anonymous (not verified) on Wed, 06/26/2024 - 10:20Over 25% of options are set to expire "in the money," Deribit's Luuk Strijers told CoinDesk.
Over 25% of options are set to expire "in the money," Deribit's Luuk Strijers told CoinDesk.
Call buyers are implicitly bullish on the market.
One market observer noted "very concentrated call buying" looking to profit from a rally to between $74,000 and $80,000 by the end of this month.
Binance's native BNB token is approaching an all-time high of $705 after surging by more than 10% from Sunday's low of $597.
The uptick signals a bullish outlook, according to Wintermute.
A trader bought $2 million worth of dogecoin {{DOGE}} call options at a strike price of $0.22 on Wednesday, according to PowerTrade's head of insti
Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.
Our favorite strategy is to buy Bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry, 10x research said
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