Here’s why bears aim to keep Bitcoin under $29K ahead of Friday’s $640M BTC options expiry

here’s-why-bears-aim-to-keep-bitcoin-under-$29k-ahead-of-friday’s-$640m-btc-options-expiry

Bitcoin is holding the $30,000 level, but the $640 million in BTC options that expire on May 20 could result in the price visiting recent lows. Over the past nine days, Bitcoin’s (BTC) daily closing price fluctuated in a tight range between $28,700 and $31,300. The May 12 collapse of TerraUSD (UST), previously the third-largest … Read more

Bitcoin bulls aim to flip $30K to support, but derivatives data show traders lack confidence

bitcoin-bulls-aim-to-flip-$30k-to-support,-but-derivatives-data-show-traders-lack-confidence

The BTC futures premium flashed a slightly positive reading, but options markets show extreme fear from whales and market markers. Bitcoin (BTC) bounced 19% from the $25,400 low on May 12, but has investor confidence in the market been restored? Judging by the ascending channel formation, it’s possible that bulls at least have plans to … Read more

3 reasons why bears aim to pin Bitcoin below $30K for this week’s BTC options expiry

3-reasons-why-bears-aim-to-pin-bitcoin-below-$30k-for-this-week’s-btc-options-expiry

BTC price is in a freefall and data suggests bears plan to keep the price below $30,000 until the May 13 options expiry. Investors were surprised by Bitcoin (BTC) price falling to $25,500 on May 12, and this shock extended to options traders. The strong correction was not restricted to cryptocurrencies and some large-cap stocks … Read more