Deribit's Bitcoin options open interest reached $31.3 billion on May 21, overtaking BlackRock's IBIT at $27 billion. Ahead of a $6.25 billion options expiry on May 29, the market shows a modestly bullish put/call ratio of 0.86, with a key max pain price level at $75,000, slightly below Bitcoin's current price near $77,000. This max pain level may act as a price magnet as traders hedge positions before expiry, influencing short-term Bitcoin price movements. The competition between Deribit and IBIT highlights shifting investor preferences between crypto-native derivatives and regulated ETF options.
Bitcoin's price dropped about 14% over the past week due to ETF outflows, weak market sentiment, and declining open interest. U.S. spot Bitcoin ETFs saw roughly $4.57 billion in net outflows over four weeks, signaling reduced institutional demand. An...
Investor Kevin O'Leary believes Bitcoin's major price rally is still pending and will be triggered by clear regulatory action, especially legislation like the Clarity Act. He explains that institutional investors such as pension funds and sovereign w...
Bitcoin is trading near $61,900 as analysts note structural similarities to its 2022 ABC correction pattern. Market analyst TARA highlighted that Bitcoin may currently be between wave B and wave C of a repeating macro wave 2 structure, with a rebound...
Bitcoin briefly dipped below $61,000 following U.S.-Iran military clashes but quickly recovered to above $62,000, pushing the crypto market valuation to $2.21 trillion. The volatility wiped out nearly $94 million in leveraged bitcoin trades. The geop...
Cryptocurrency prices exhibit varied changes, with Bitcoin rising modestly to $61,845 while Ethereum and several altcoins like XRP, Solana, and Cardano decline. This mixed performance reflects ongoing market volatility and investor caution. Traders s...
