BitcoinAfter the maturity of $ 7.2 billion option contracts, he managed to hold above $ 94,500. On Friday, a total of 76 thousand 709 contracts have expired. Despite this large maturity filling, it maintained its price stability and rose over 2 percent after a short -term decline that brought 92 thousand dollars on Thursday.
Investors bet on the rise in Bitcoin
Option data indicate that investors maintain long -term rise expectations in Bitcoin. 57 percent of the contracts. purchase (Call) was directed. The most traded levels were recorded as 95 thousand and 100 thousand dollars. CoinPanel CEO Aran Hawkerthis tendency considered as an indicator of a strong long -term optimism.
Put-Call ratio It was 0.73. In other words, sales -oriented positions attracted less attention than purchase options. The “maximum bitter point olan, which is the price of the most damage potential, was determined as 86 thousand dollars. This shows that the market has adopted less protection strategy against the possibility of a fall.
Sales The directional positions were mainly placed at the levels of 70 thousand and 80 thousand dollars. These contracts were the positions that served as insurance against price decreases. However, such risk scenarios were temporarily pushed into the background with the expiration of the options.
Whales turned the calm into an opportunity
Generally, option maturity filling of this size leads to harsh fluctuations in the markets. But Bitcoin was not shaken this time. According to the latest data, the expected price volatility on the annual basis of Impled Volatility decreased slightly as of April 25th. This shows that the market is not panicked in a short -term.
Two main elements behind stability stand out. First, made from central exchanges (CEX) BTC Filming reached the summit of the last two years. CryptoquantAccording to the analysis, investors remove their assets from the stock exchanges and transfer them to long -term wallets. This indicates that a new period of accumulation has begun.
The second remarkable element is GlassnodeDetection of ‘s. The analytical platform reported that large investors purchased in the last rally. The company’s “Accumulation Trend Score” metric reached the levels seen in the end of December 2024 and at the beginning of the year. This reveals that large wallets, which are called whales, take an active position in the market.
Bitfinex team, especially in his assessment, especially on the threshold of the $ 90 thousand option barrier over the upward resistance decreased. Now, new purchase options intensify at the levels of 95 thousand and 100 thousand dollars are remarkable.
On the other hand, investors turned their eyes into new dates. According to Deribit data, the options maturity on May 30 and 27 June are already in high demand. According to Hawker, this is one of the signals that the market is preparing to turn the direction up.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
