Community Articles

via Cointelegraph · By Cointelegraph Staff

$6B In Bitcoin Options Expire In December: Is $115K BTC Price Realistic?

BTC

BTC/USDT

$62,932.87

-0.24%

$62,932.87

-0.24%

(24s)

24h Volume

$4,146,938,678.08

24h H/L

$63,390.00 / $62,716.00

Change: $674.00 (1.07%)

Long/Short

69.5%

Long: 69.5%Short: 30.5%

Funding Rate

+0.0024%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,792.60

▼ -0.17%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,769.35

Resistance 1$63,135.87

Price$62,792.60

Support 1$62,302.86

Support 2$61,056.47

Support 3$57,800.19

Pivot (PP):$63,002.00

Trend:Downtrend

RSI (14):41.2

Cointelegraph Staff

(11:56 PM UTC)

1 min read

Approved bySarah Chen

0 comments

Key takeaways:

Half of the $6 billion in Bitcoin options open interest is tied to long-shot strategies used for hedging and neutral price strategies.
The 9% put (sell) options premium hints that professional traders are worried about a potential Bitcoin price drop.

Bitcoin (BTC) bulls have high hopes for the year-end options expiry on Dec. 25, which features $6 billion at stake. The 33% price gain…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

Cointelegraph Staff · Cointelegraph

Read original →

Live BTC price →More BTC news →

Comments