On May 22, 21,000 Bitcoin options expired with $1.6 billion in notional value, and 129,000 Ethereum options expired with $280 million in notional value. The data indicated reduced trading activity, lower implied volatility, and defensive positioning by traders as Bitcoin's recent rally lost momentum. Bitcoin traded near its max pain level of $78,500, while Ethereum remained below its max pain level of $2,200, signaling cautious market sentiment. The lower volatility and muted options activity suggest traders are less willing to take risks, focusing on whether Bitcoin can maintain support or move toward lower strike prices in upcoming expiries.
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
Bitcoin price briefly rose to nearly $65,470 following softer US inflation reports, raising hopes the Federal Reserve might pause rate hikes. However, profit-taking by long-term holders and whales around the $65,000 resistance led to a pullback towar...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
Bitcoin is currently trading around $64,878 but faces potential downside risks, with analysts projecting a possible drop to $38,000–$39,000 based on past four-year bear market cycles. This would represent a roughly 40% decline from current levels and...
