Bitcoin options on Deribit show a $5 billion open interest concentrated at the $70,000 and $72,000 call strikes, reflecting strong bullish sentiment. Calls outnumber puts by a large margin, driven by large bull call spreads and outright call purchases. Optimism about the CLARITY Act initially fueled this demand, but recent comments from Senate leaders have reduced expectations, causing some traders to scale back positions. This cluster represents about 18% of Deribit's total $28 billion BTC options open interest, highlighting significant market focus on these price levels.
Cryptocurrency markets display varied price changes with Bitcoin holding around $64,935, slightly down by 0.25%. Ethereum and several altcoins such as ADA and SOL experienced more significant declines, with ADA dropping over 4% and SOL over 2%. Some ...
Japan's Bitcoin ETF market is projected to grow to about $18.4 billion by fiscal 2028, representing only 0.13% of the country's $14.6 trillion in household financial assets. This growth is expected from existing crypto investors, new retail investors...
Bitcoin price dropped to around $65,000 following $225 million in net outflows from U.S. spot ETFs and a $1.2 billion options expiry setting a key support level at $64,500. The price remains above a rising trendline but faces resistance near $66,800,...
Bitcoin remained steady just below $65,000 while the broader crypto market showed gains even as Brent crude oil surged to $97.66, its highest since May, driven by ongoing Iran conflict concerns. This resilience contrasts with past oil price spikes th...
Bitcoin is maintaining a bullish pattern with higher lows and is currently testing the key resistance zone between $65,500 and $67,000. A confirmed breakout above $67,000 could lead to a rally toward $70,000 and possibly $72,000, signaling stronger b...
