succuss
@manjlidabreguFXoptions
@manjlidabreguFXoptions
@manjlidabreguFXoptions
The positive newsflow continued on June 8 after Victory Capital, a $157 billion asset manager, announced plans to invest in a private fund that tracks the Nasdaq Crypto Index, 62% comprised of Bitcoin, 32% Ether (ETH), and 6% in other altcoins.
Do bulls or bears have the upper hand?
The initial picture slightly favors bears because the call-to-put ratio stands at 0.93, although this indicator values every option the same. However, the right to acquire Bitcoin at $42,000 in less than 24 hours is currently worthless, so this call option is trading below $40 each.
Related: Report says El Salvador Bitcoin pump failed to attract smart money, for now
A similar effect is in place for the neutral-to-bearish put options at $30,000 and lower. Holders have no benefit in rolling it over for the upcoming weeks because these contracts also became worthless. Therefore, to better assess how traders are positioned for Friday's options expiry, analysts need to concentrate on the $33,000 to $41,000 range.
Bitcoin
@manjlidabreguFXoptions
@manjlidabreguFXoptions
@manjlidabreguFXoptions
The positive newsflow continued on June 8 after Victory Capital, a $157 billion asset manager, announced plans to invest in a private fund that tracks the Nasdaq Crypto Index, 62% comprised of Bitcoin, 32% Ether (ETH), and 6% in other altcoins.
Do bulls or bears have the upper hand?
The initial picture slightly favors bears because the call-to-put ratio stands at 0.93, although this indicator values every option the same. However, the right to acquire Bitcoin at $42,000 in less than 24 hours is currently worthless, so this call option is trading below $40 each.
Related: Report says El Salvador Bitcoin pump failed to attract smart money, for now
A similar effect is in place for the neutral-to-bearish put options at $30,000 and lower. Holders have no benefit in rolling it over for the upcoming weeks because these contracts also became worthless. Therefore, to better assess how traders are positioned for Friday's options expiry, analysts need to concentrate on the $33,000 to $41,000 range.
Bitcoin
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