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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$59,404.26

-2.55%

$59,404.26

-2.55%

(24s)

24h Volume

$29,807,799,752.03

24h H/L

$61,962.40 / $58,115.01

Change: $3,847.39 (6.62%)

Long/Short

70.8%

Long: 70.8%Short: 29.2%

Funding Rate

+0.0002%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$59,569.62

▼ -0.38%

Volume (24h): -

Resistance Levels

Resistance 3$70,506.94

Resistance 2$63,906.84

Resistance 1$60,995.63

Price$59,569.62

Support 1$59,292.33

Support 2$57,325.32

Support 3$51,387.09

Pivot (PP):$59,642.11

Trend:Downtrend

RSI (14):30.1

Cointelegraph Staff

(11:56 PM UTC)

1 min read

Approved bySarah Chen

1212 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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