Category: Deribit

Afraid to buy the dip? Bitcoin options provide a safer way to ‘go long’ from $38K

May 2, 2022

Crypto Nanobot 0

The last time Bitcoin (BTC) traded above $50,000 was Dec. 27, 2021. Since then, four months have passed, but traders seem somewhat optimistic that inflation has hit the necessary threshold to trigger cryptocurrency adoption. In theory, the 8.5% inflation in the United States means that every five years, the prices increase by 50%. This essentially […]

Continue Reading

Terra’s Bitcoin purchase and BlackRock comments back ETH’s surge to $3.1K

March 24, 2022

Crypto Nanobot 0

Recent strength in Ethereum boosted investors’ morale and gave bulls the upper hand in March 25’s $2.4 billion options expiry.

Continue Reading

Here’s why Bitcoin bulls will defend $42K ahead of Friday’s $3.3B BTC options expiry

March 23, 2022

Crypto Nanobot 0

Over the past two months, Bitcoin (BTC) has respected an ascending triangle formation, bouncing multiple times from its support and resistance lines. While this might sound like a positive, the price is still down 11% year-to-date. As a comparison, the Bloomberg Commodity Index (BCOM) gained 29% in the same period. Bitcoin/USD 1-day chart at FTX. […]

Continue Reading

$43K BTC flipping support? Not anytime soon, according to derivative metrics

March 23, 2022

Crypto Nanobot 0

Bitcoin (BTC) showed strength on March 22, posting a 5% gain and testing the $43,000 resistance. The move liquidated over $150 million worth of leverage short positions, those betting on a declining price using futures contracts. Some Twitter analysts attribute the price improvement to the Do Kwon, the co-founder of blockchain protocol Terra. During a […]

Continue Reading

ETH derivatives show pro traders are worried about Ethereum’s $2.5K support

March 17, 2022

Crypto Nanobot 0

Ether (ETH) investors are having a rough time in 2022, with ETH accumulating 25% losses year-to-date as of March 17. Still, the cryptocurrency has bounced multiple times near $2,500 over the past couple of months, signaling a solid support level. Ether/USD price at FTX. Source: TradingView On March 15, Ethereum developer Tim Beiko announced that […]

Continue Reading

Bitcoin bulls to defend $40K leading into Friday’s $760M options expiry

March 16, 2022

Crypto Nanobot 0

Over the past two months, Bitcoin (BTC) has respected a slightly ascending trend, bouncing multiple times from its support. Even though that might sound positive, Bitcoin’s performance year-to-date remains a lackluster negative 14%. On the other hand, the Bloomberg Commodity Index (BCOM) gained 2% in the same period. Bitcoin/USD 1-day candle chart. Source: TradingView The […]

Continue Reading

How professional Ethereum traders place bullish ETH price bets while limiting losses

March 14, 2022

Crypto Nanobot 0

Being bullish on Ether (ETH) over the past four months did not pay off as its price dropped 44% from $4,600. The decentralized finance (DeFi) applications growth that fueled the rally faded away, partially due to network congestion and average transaction fees of $30 and higher. The cool-off period can also be attributed to excessive […]

Continue Reading

Softer-than-expected crypto regulation and stocks’ rebound position Bitcoin for a $42K close

March 10, 2022

Crypto Nanobot 0

Bitcoin (BTC) bulls jumped in to defend the $40,000 level after a devastating retest of the $38,000 support on March 7. The confidence and momentum that was building up earlier in the month was suddenly shattered after BTC failed to break $44,500 for the third time this month on March 2. The Bitcoin price rally […]

Continue Reading

Strong Bitcoin and stocks rally position bulls for victory in Friday’s $860M options expiry

February 10, 2022

Crypto Nanobot 0

Bitcoin (BTC) bulls have good reason to celebrate the 22% gain in the past week. The price is pushing toward $46,000 and to the surprise of many, the $43,000 level held steady despite the volatility caused by the United States inflation data released on Feb.10. There have been mixed feelings on the macroeconomic side. For […]

Continue Reading

Derivatives data suggests that Bitcoin’s $39K bounce was a mere blip

January 27, 2022

Crypto Nanobot 0

Bitcoin (BTC) bulls are probably quite disappointed with how the start of 2022 has shaped up, especially since the cryptocurrency plunged over 20% in the first 25 days of the year. Even more shocking is the fact that the supposed $32,930 bottom on Jan. 21 was the lowest level BTC price had seen in six […]

Continue Reading