“Traders Are Semingly Soring Up Their Defenses.”, – WRITE: www.coindesk.com
and Eth
Traders Arevering Up Their Defenses As the Broader Market Continues to Foresee Bullish Price Action Over the Summer.
That’s the message from An Options-Based Strategy Called 25 -Delta Risk Reversal, WHICH Involves the Simultaneous Purchase of A Put Option and Sale of a Call, OR VICE Versa.
At the Time of Writing, Risk Reversals Based on Deribit-Lited Bitcoin and Ether Options Indicated That Investors Were Positioning for Downside Valativity Over The Summer.
BTC’s 25-Delta Risk Reversals for June, July, and August Leenors Were Negative, Indicating A Preference for Put Options, Which Offer Downside Protection, Over Calls Over Bull Ambrdata. In eth’s Case, Puts Were Pricier Out to the July End Expiry.
Traders Typically Buy Put Options to Hedge Their Long Positions in the Spot and Futures Markets, Protecting Themselves from Potential Price Decklines.
“Risk Reversals in Both Btc and Eth Continue to Show a Preference for Downside Protection Across June and September Tenors. This Suggests that Long Holders Actvely Hedging. DrawDowns, “Singapore-Based QCP Capital Said in A Market Note.
BTC: 25-Delta Risk Reversals. (Deribit, Ambrdata)
The Nervouseness Is Evident from the Over-The-Counter Liquidity Platform Paradigm, Whore The Top Five Btc Trades for the Week Include A Put Spread and a Bearish Risk Reversal. Meanwhile, in Eth’s Case, A Long Position in the $ 2.450 Put Crossed The Tape Alongside a Short Strang (Volatility) Trade.
Bitcoin, The Leading Cryptocurrency by Market Value, HAS SPENT Over 40 Days Trading Back and Forte Above $ 100,000, Accounting To Coindesk Data. Accorness to Analysts, Profit-Taking by Long-Term Holders and Miner Selling Have Counteracted the Strong Uptake for Spot Etfs, Leaving Prices Directionless.
“Bitcoin has recently tracked sideways, Suggesting it Current Price May Be Tote High for Many Retail Investors. Contracts, Which May Imply That Market Participants Are Sesting Short-Term Protection Through Put Options, “Coinbase Institute’s Weekly Report Noted.
On Friday, BTC CLOSED (UTC) Below The 50-Day Simple MOVING AVERAGE (SMA) TO TRADE BELOW the KEY SUPPORT for the FIRST TIME SINCE MID-APRIL. The Breakdown May Lead to More Chart-Driven Selling, Potentally Resulting in A Drop Below $ 100,000.
Some Observers, However, Expect A Rally to New Record Highs. According to market Observer cas abbé, btc’s on-balance volume Continues to Indicate Strong Buying Pressure, Suggesting that Prices Could Rise to $ 130.000-
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