“Traders Continue to Position for Price Gaves Through Options Even As Btc Trades Listless Below $ 100k.”, – WRITE: www.coindesk.com
This MONTH’S MOST Preferred Options Play Has Been Buying The $ 110,000 Call Expiring on March 28, With Buyers Paying A Cumulative Net Premium a.
A Call Option Gives The Buyer The Right But Not the Oblagation to Purchase The Underlying Asset at A Podterminated Price on or Before a Special. A call buyer is implicitly bullish on the Market, While a put buyer is Bearish, look for Hedge Downside Risks.
“Looking at the month-to-date flows for on-screen Traders … The Buying of March $ 110k Calls Has Been The Most Active Trade,” Greg Magadini, Director of Derivativs ata, Director.
Bitcoin Has Mostly Traded Within A Narrow Range of $ 95,000 to $ 100,000 this MONT. The Bulls Had Some Positive Developments to Chew On, Like The Continued Accuumulation by Microstrategy and Abu Dhabi’s Recent Reveal of A $ 436 Million Investment in the Bitcoin Etcoin E.
However, Renewed Macroeconomic Headwinds, Highlighted by Last Week’s Hotter US Inflation Data And Frequent Liquidity Drains Caused by The Boom-Bust Cycles E potential.
Over The Weekend, A token Called Libra Zoomed to A Market Cap of Over $ 4 Billion, Only to Erase 90% of that Within Minutes. Argentina’s President, Xavier Milei, Initially Promotted The Coin Late Friday But BacktraCarded in A FEW HOURS, CAUSING A CONTROVERSY THAT HAS HIM Facing Legal Issues in his home.
“Some Bullish Headlines Hit for Btc Last Week, But That Didn’s Materialize Into Any Real Spike Higher for Spot Prices,” Magadini Said, Referring To Abu Dhabi’s Investment.
“Combine this News with Bearish Memecoin Market Drag (A Source of Bearish Headlines) Such As the $ Libra Drop, Pump-Fun Mania and Growing Suppply of Alts [altcoins] and I See this Market in Stand-Still. Together, this reinforces my ‘sideway’ market, Lower volatility Market Thesis, “Magadini Added.
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