Crypto money markets are moving relatively calm and horizontally today. Bitcoin during the hours when the US markets are open $107,254.55 The price was traded in a narrow band. Bitcoin was traded around 107,500 dollars at the time of being prepared, this figure indicates a slight depreciation of 0.2 percent in the last 24 hours.
Large Bitcoin Option Closing
Analysts, especially on Friday, the large option -maturity closing of the market in the market affects the current stagnation. Jean-David Péquignot from Deribit said that this option closing is one of the largest of the year. Bitcoin options obligations reached 40 billion dollars, 38 percent of this amount will end on Friday.
Jean-David Péquignot: “This Friday will be one of the biggest option closing of the year in Deribit. The open option size is 40 billion dollars and 38 percent of this amount will end.”
According to technical indicators, the maximum price of pain for Friday is reported to be $ 102,000. The maximum pain price is the level that both the purchase and sale option (Put/Call) owners will make a minimum profit. At this level, the Put/Call ratio is 0.73.
Bitcoin’s implied volatility has decreased significantly in recent years. According to the Deribit DVOL index, the volatility in the market fell to 38 percent from 50 percent in April. According to analysts, this may indicate that the regression begins to consider Bitcoin as a macro -level risk protection.
On the other hand, there is no significant direction in the short term position purchases. The weight distribution between Put and Call options shows that the participants have not yet been expecting a clear price movement. Many investors see Bitcoin’s 105,000 dollars as a critical support.
Jean-David Péquignot: “Bitcoin’s 105,000 dollar level is important, technical data is thought to be cautious if this support is broken. Low-open position and low volatility in futures indicate that hard price movements are not expected before Friday.”
Crypto shares
These options are generally used by corporate and professional investors. In order to see the direction of these investors, we can look at the crypto currency stocks where they diversify portfolio.
Some companies associated with crypto currencies were remarkable in stock prices. Core Scientific shares increased by more than 33 percent after the company’s possible purchase news. This development was triggered on allegations that the company conducted negotiations with the artificial intelligence firm Coreweave in a report in Wall Street Journal.
The shares of other crypto companies such as Circle, Coinbase, Riot Platforms and HUT 8 have increased value between 5 and 7 percent. On the other hand, the shares of Strategy fell to a rate of less than 1 percent. These developments show that the processing dynamics of the relevant crypto shares on the American stock exchanges are variable.
As the option maturity approaches throughout the market, it is observed that the participants behave more cautiously and that the prices do not fluctuate significantly. At the same time, we can say that Bitcoin does not exhibit a decisive price movement in the short term, and the interest of investor focuses on the post -term period.
How the price movements in the markets will be shaped after the option maturity, volatility levels and technical indicators will continue to be monitored. Due to the dynamic structure of crypto currency markets, developments can be changed in a short time.
The upcoming option maturity in the crypto currency market is remarkable because it limits fluctuation in prices and affects investor attitudes. It seems that investors do not expect a significant price movement in the short term, along with decrease in volatility and low open positions. In Bitcoin, technically $ 105,000 is monitored, while mobility continues, especially due to news flow in crypto -related company shares. The direction determination in the market may become clear at the prices to be performed after the maturity. Under these circumstances, investors are advised to continue their market follow -up and follow the changes closely.
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.
