CME

$13.6B in Bitcoin options expire Friday — Can bulls push BTC price to $100K?

November 28, 2024 Coin Telegraph

.6B in Bitcoin options expire Friday — Can bulls push BTC price to 0K?

Can this week’s $13.6 billion Bitcoin options expiry trigger a BTC price rally to $100,000 and beyond?

Bitcoin is set for its largest monthly options expiry of 2024, with a total exposure of $13.6 billion.

This event provides bulls with a pivotal opportunity to push Bitcoin’s (BTC) price above $100,000, making it crucial to assess the impact of call (buy) and put (sell) options set to expire on Nov. 29.

The S&P 500 has struggled to maintain levels above 6,000 over the past three weeks, signaling growing investor caution. This shift in sentiment is reflected in the United States five-year Treasury yield, which has declined from 4.35% on Nov. 15 to the current 4.12%.

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Bitcoin to $100K: What will milestone mean for derivatives markets?

November 19, 2024 Coin Telegraph

Bitcoin to 0K: What will milestone mean for derivatives markets?

Adoption

Bitcoin analysts and traders have long dreamed of a $100,000 BTC price, but what would the achievement mean for derivatives markets?

Bitcoin’s (BTC) potential climb to the $100,000 price level has captivated investors for years. While retail participants often celebrate such psychological milestones, the key impact should come from institutional adoption and advancements in the Bitcoin derivatives markets.

Bitcoin futures aggregate open interest, BTC. Source: CoinGlass

Futures open interest on Bitcoin presently totals 626,520 BTC ($58 billion), a 15% increase in two months, signaling growing interest in derivatives. If Bitcoin reaches $100,000, this open interest would hit $62.5 billion, representing 3.1% of its $2 trillion market cap. This contrasts with the S&P 500, where $817 billion in futures open interest equals only 1.9% of its $43 trillion market cap.

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Hitting and holding $100K Bitcoin price depends on $11.8B end-of-year BTC options expiry

November 14, 2024 Coin Telegraph

Hitting and holding 0K Bitcoin price depends on .8B end-of-year BTC options expiry

Bears

Bitcoin’s ability to reach and hold the $100,000 level will be influenced by the upcoming $11.8 billion options expiry.

Bitcoin’s (BTC) market is preparing for the year-end $11.8 billion options expiry, set for Dec. 27 at 8:00 am UTC. Recent data reveals a strong advantage for call (buy) options, though bears could significantly limit their losses by keeping Bitcoin’s price below $75,000.

Aggregate Bitcoin options open interest for Dec. 27. Source: Laevitas.ch

As of now, the total open interest for call options is $7.9 billion, while put (sell) options lag at $3.92 billion—underscored by Bitcoin’s 29% rise since October, which has likely rendered most put options worthless.

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Arkham launches crypto perpetuals exchange

November 6, 2024 Coin Telegraph

Arkham Intelligence

Analysts expect crypto products to proliferate after Republican presidential candidate Donald Trump's Nov. 5 US election win.

Blockchain analytics firm Arkham Intelligence has launched a cryptocurrency derivatives exchange, according to a Nov. 6 announcement.

The exchange will reportedly target retail traders and compete with existing platforms such as Binance.

It will integrate Arkham’s research and feature live on-chain audits and proof-of-reserve (PoR), Arkham said in a post on the X platform.

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Bitcoin hits $73.6K as fundamentals suggest new all-time highs are programmed

October 29, 2024 Coin Telegraph

Bitcoin hits .6K as fundamentals suggest new all-time highs are programmed

basis trade

Bitcoin price rallies within $200 of a new all-time high as several fundamentals point to the crypto bull marking picking up pace.

Bitcoin (BTC) price sprinted toward its all-time high at $73,800, and this move differs from recent rallies as several fundamentals suggest that the bull market is shifting into a higher gear.

Here are six important pieces of data that signal Bitcoin is ready to hit new highs.

Bitcoin’s strong range break and sustained multiday close above the previous trading range inspired traders to open new positions with the intent of chasing higher targets in the $85,000–$160,000 range, a point well illustrated by veteran trader Peter Brandt.

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

First major step taken toward XRP ETFs: CME director

October 16, 2024 Coin Telegraph

CME

After the launch of spot Bitcoin and Ether ETFs, investors await the potential debuts of XRP and Solana ETFs, which could significantly impact crypto markets.

Following the debut of the first cryptocurrency-based exchange-traded funds (ETFs) in the United States, investors are now anticipating the next digital asset trading product.

When asked about the possibility of an XRP (XRP) ETF, Tim McCourt, senior managing director at CME Group, said the first major step had been taken.

During a panel discussion at Ripple Swell 2024, McCourt said:

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Blockchain data firm Arkham to launch derivatives exchange: Report

October 11, 2024 Coin Telegraph

Arkham

Arkham Intelligence's token, ARKM, is up more than 16% on the news, according to CoinGecko.

Blockchain analytics firm Arkham Intelligence reportedly plans to launch a cryptocurrency derivatives exchange as soon as next month, according to a Bloomberg report.

The exchange will target retail traders and compete with existing platforms such as Binance, Bloomberg said, citing a person familiar with the matter.

Arkham is already reportedly in the process of obtaining a license in the Dominican Republic, where it plans to operate the exchange.

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Crypto Biz: Axelar’s new interoperability stack goes live

October 4, 2024 Coin Telegraph

bitcoin futures

With dozens of layer-1 blockchains on the market, communication between networks has become a significant pain point for the broader adoption of Web3-based applications.

Protocols are continuing to race for interoperability solutions. With dozens of layer-1 blockchains on the market, communication between networks has become a significant pain point for the broader adoption of Web3-based applications.

One of the players in this game is Axelar protocol. The company announced on Oct. 2 its Mobius Development Stack (MDS), offering a new platform for self-service integration with both onchain and offchain systems, allowing decentralized applications to connect across various blockchain networks.

The platform debuted supporting Solana, Stellar, Sui and XRP Ledger, with additional security features from Babylon and EigenLayer. The stack also offers the Interchain Token Service (ITS), allowing developers to tokenize assets like real estate and intellectual property on any blockchain.

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CME’s Bitcoin Friday Futures launch with 31K contracts on day one

October 1, 2024 Coin Telegraph

Bitcoin Futures Friday

CME’s new derivatives product allows market participants to hedge or speculate on Bitcoin price movements in the short term.

The Chicago Mercantile Exchange (CME) Group’s Bitcoin Friday Futures (BFF) debuted with a record first-day trading volume among crypto futures offerings, with over 31,498 contracts traded across two contract weeks.

According to an Oct. 1 announcement, the Sept. 29 launch was the “most successful crypto futures launch ever,” with the first trade block executed by financial firms Galaxy and Marex.

The new derivatives product is sized at one-50th of a Bitcoin (BTC) and cash-settled every Friday against the CME CF Bitcoin Reference Rate New York Variant (BRRNY), a benchmark for BTC’s spot price.

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Bitcoin on Track for a September Breakout, Says Crypto Analyst – But There’s a Catch

August 8, 2024 The Daily Hodl

Bitcoin

A widely followed analyst is expressing bullish sentiment on Bitcoin (BTC) days after the flagship cryptocurrency fell to a six-month low. The analyst pseudonymously known as Rekt Capital tells his 487,400 followers on the social media platform X that Bitcoin is “still on track for a September breakout.” To achieve that, trader says that Bitcoin […]

The post Bitcoin on Track for a September Breakout, Says Crypto Analyst – But There’s a Catch appeared first on The Daily Hodl.

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