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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$79,625.99

-0.11%

$79,625.99

-0.11%

(24s)

24h Volume

$8,056,675,228.72

24h H/L

$80,200.00 / $79,233.00

Change: $967.00 (1.22%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0021%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,620.00

▼ -0.27%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,878.00

Price$79,620.00

Support 1$78,324.21

Support 2$73,033.65

Support 3$70,930.00

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):65.9

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…

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Source

Cointelegraph Staff · Cointelegraph

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