Crypto NewsBitcoinOptions Data Released: Cryptocurrency Traders Focus on This Price Level for Late...

Options Data Released: Cryptocurrency Traders Focus on This Price Level for Late January

According to data from cryptocurrency derivatives exchange Deribit, cryptocurrency investors are focusing on a certain level at the end of January.

Follow Bitcoin Sistemi Google News Button

Bitcoin call options are focused on a $50,000 strike price expiring January 26 on Deribit, a leading cryptocurrency futures and options exchange.

Active options data reveals that the largest cluster of contracts outstanding are $50,000 face-priced call contracts expiring on January 26. According to data from Deribit, there are over 8,300 contracts with a face value exceeding $376 million for call options at this strike price.

In the field of options trading, a call option provides the owner with the right, but not the obligation, to purchase the underlying asset at a specified price on or before the expiration date.

Related News  The Analytics Firm That Caused Today's Big Drop Has Spoken Out: Why Did They Say Bitcoin Spot ETFs Will Be Rejected?

The significant volume of call options at $50,000 indicates that a significant number of investors may be predicting that the Bitcoin price will exceed $50,000 at expiration in January.

There is also significant focus on the $50,000 mark across all expirations on Deribit. The data shows there are more than 21,800 contracts with a staggering $926 million face value for call contracts at this strike price.

*This is not investment advice.



Buradaki Yorumlardan Bildirim Al
Bildir
guest

0 Comments
Latest
The oldest Top Rated
Inline Feedbacks
View all comments

Popular Posts of the Week