“The $ 100k Call Option Has Become The MOST FAVORAD BET, TO NOTAL OPEN INTEREST OF NEARLY $ 1.2 Billion.”, – WRITE: www.coindesk.com
BTC has bounced to over $ 84,000 Since Probing Lows Under $ 75,000 Last Week. The recovery comes as the bond market chas Suppedly Forced President Donald Trump to Capitulate on Tariffs Just Days After Announcing Sweeping Import Levies on Several Nations, InCluding.
Late Friday, The Trump Administration Issued New Guidelines, Sparing Key Tech Products Like Smartphones from HIS 125% China Tariff and Baseline 10% Global Levy. Hours Later, Trump Refuted the News, Suggesting No Relief On Tariffs.
Still, The Price Recovery Saw Embolded Traders Chase Upside in Btc Through The Deribit-Listed Call Options. A Call Gives The Purchaser The Right But Not the Oblagation to Buy The Underlying Asset at A Predeterminned Price On or Before a Special. A call buyer is implicitly bullish on the Market, look for Profit from an expectioned price rise. A put buyer is said to bearish, look for Hedge or Profit from Price swoons.
“Trump’s Bond-Market-Crisis Fueled Tariff-WalkBack Flipped the Vocal Narrative From Aggression to Capitulation, and The Markets from 78kk-BUNCTIVATIVATION [strike] PUTS WERE DUMPED, AND $ 85K- $ 100K [strike] Calls Were Lifted AS BTC SURGED FROM $ 75K- $ 85K, “Deribit Said in a Market Update.
The pivot to Upside Calls Has Normalized The Options Skew, Who Reflected Strong Put Bias or Downside Fears Early Last Week, Accounting To Data Trampled by Ambertat. The Skew Measures the Implied Volatility (Demand) for Calls Relativ to Puts and Has Been A Reliable Market Sentiment Indicator for Years.
BTC Options Skew. (Ambrdata, Deribit)
The 30-, 60-, and 90-day skws have rebounded to just above zero, up from Deeply Negative Levels A Week Ago, Indicating A Decrease in Market Panic. Althugh The Seven -Day Gauge Remains Negative, IT Reflects a Nobly Weaker Put Bias Than A Week Ago WHEN IT DROPED TO -14%.
$ 100k is the most popular beetAnother Data Point Likely to Energize the Recently Batted Market Participants is the Distribution of Open Interest, Highlighting the Resurgence of The $ 100k Call as The MOST FAVONE OPTIS BETS Over 75% of Global Options Activity.
Deribit BTC Options: Distribution of Open Interest in Calls. (Deribit/Ambrdata)
As of Writing, The $ 100k Call Boasted A Cumulative Nocial Open Interest of Nearly $ 1.2 Billion. The Nocial Figure Represents the US dollar Value of the Number of Active Option Contracts at A Given Time. Calls at $ 100k and $ 120k Were Popular Early This Year Before The Market Swoon Sawon Saw Traders Deploy Money in the $ 80k Put Last Month.
The Chart Shows of the Concentration of Open Interest in Calls at Strikes Ranging from $ 95,000 to $ 120,000. Meanwhile, The $ 70k Put is the Second-Most Popular Play With An Open Interest of $ 982 Million.
Deribit BTC Options: Distribution of Open Interest in Puts. (Ambrdata/Deribit)
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