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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$65,434.01

+1.58%

$65,434.01

+1.58%

(24s)

24h Volume

$6,307,168,422.99

24h H/L

$65,502.60 / $64,293.81

Change: $1,208.79 (1.88%)

Long/Short

62.9%

Long: 62.9%Short: 37.1%

Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,235.75

▲ 1.34%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$67,334.82

Resistance 1$66,150.65

Price$65,235.75

Support 1$64,329.31

Support 2$62,975.21

Support 3$61,544.56

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):54.4

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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