Options worth $1.75 billion for Bitcoin and Ethereum expired on July 10, reflecting cautious market sentiment. Bitcoin options valued at $1.5 billion had a balanced put-call ratio near 0.97 and a maximum pain level at $62,000, while Ethereum options worth $250 million showed a higher put-call ratio of 1.26, indicating strong demand for downside protection. Institutional traders sold short-term calls, signaling limited confidence in a sustained crypto rally. Despite Bitcoin briefly reaching $64,000, the options expiry covered only about 7% of outstanding contracts, suggesting limited immediate market impact. Overall, options pricing still shows a persistent downside bias but with a more normalized term structure.
Haider Rafique of OKX expressed skepticism that the Clarity Act, a key U.S. crypto market structure bill, will pass this year due to political dynamics ahead of the midterms. He noted that Democrats have little incentive to support a Republican-led c...
Bitcoin climbed nearly 2% to around $65,200 after U.S. July jobs data showed a surprising loss of 23,000 payrolls, missing expectations for growth. This weak report reduces the likelihood of a Federal Reserve rate hike in September, pushing traders t...
Bitcoin is trading around $65,167, up about 1.4% on the day, after the US Senate confirmed it would not vote on the CLARITY Act before the August recess. The market had already priced in this delay, so the impact was muted. Bitcoin remains in a defin...
Michael Saylor, a prominent Bitcoin advocate, declared that Bitcoin does not require the long-delayed Crypto Clarity Act to function properly. He argued that the law is more necessary for the United States to regulate its crypto operations smoothly r...
Bitcoin remains near $65,000 but faces pressure as the total stablecoin market capitalization has dropped by over $16 billion since May. This decline suggests that capital may be exiting the crypto market rather than just rotating between Bitcoin and...
