Bitcoin options open interest rose to $33.7 billion, up 8.2% from the previous day, with calls making up 56.94% of contracts, indicating growing medium-term bullish sentiment among traders. Despite this call-heavy positioning, near-term trading volume remains balanced between calls and puts, showing ongoing use of puts for short-term hedging. Key strike prices like $120,000 and $80,000 calls suggest optimistic upside targets, while $60,000 puts reflect downside protection. Deribit leads the market activity, highlighting its role in shaping Bitcoin options trends. This rise in open interest signals new risk-taking and medium-term directional bets by investors.
NYDIG projects Bitcoin might fall to $38,000-$39,000 by October 2026 if the current 2025-26 market decline matches the depth of the 2022 bear market. Bitcoin is currently trading near $64,500, down about 30% this year and roughly 50% below its Octobe...
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
