Max Pain—Largest Bitcoin Options Expiry in History to Conclude a Volatile Year

December 23, 2024 Bitcoin.com

Bitcoin (BTC) is fluctuating wildly between $92,500 to $94,000 range over the few hours, touching $92,800 earlier this morning, ahead of the largest bitcoin options expiry in history. Scheduled for this Friday, $14 billion in bitcoin options open interest (OI) is set to expire. $14 Billion BTC Options Expiry Looms: A Game-Changer for 2024? In […]

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

November 28, 2024 Coin Telegraph

bitcoin options

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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Ethena’s ENA token rallies on USDe integration by Deribit

November 22, 2024 Coin Telegraph

Coin Telegraph

According to Deribit, the exchange will include USDe in its cross-collateral pool as of early January 2025, pending regulatory approval.

Deribit, one of the world’s largest cryptocurrency derivatives exchanges, plans to integrate Ethena’s synthetic dollar USDe (USDe) as rewarding margin collateral.

As part of the integration, Deribit will enable users to earn rewards for holding USDe and use it as derivatives margin collateral in a cross-collateral pool, the firm announced on Nov. 22.

According to Deribit, the exchange targets including USDe in its cross-collateral pool as of early January, pending regulatory approval.

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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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Bitcoin price metrics point to more upside despite $92K acting as resistance

November 18, 2024 Coin Telegraph

Bitcoin price metrics point to more upside despite K acting as resistance

Arbitrage

Data hints that new all-time highs are on the way, even if Bitcoin struggles to gain above $92,000.

Bitcoin (BTC) has been trading within a narrow 7% range since Nov. 12, signaling a period of consolidation around $91,000. Still, derivatives indicate that professional traders remain confident in the bull market. Additionally, multiple attempts to break above the $92,000 level suggest strong buying demand beyond the multiple MicroStrategy BTC acquisitions.

Bitcoin 30-day options 25% skew (put-call) at Deribit. Source: Laevitas.ch

The BTC options delta skew has dropped to its lowest level in four months, indicating the market is pricing a discount for put (sell) options. Levels below -6% suggest bullish sentiment and reflect confidence in the $87,000 support level, particularly from whales and arbitrage desks.

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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.

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BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report

October 19, 2024 The Daily Hodl

Altcoins

Asset management titan BlackRock is reportedly in talks with numerous crypto exchange platforms about using its proprietary token BUIDL as collateral for derivatives contracts. According to a new report by Bloomberg, anonymous people familiar with the matter say the world’s largest asset manager is exploring the idea of utilizing BUIDL – the crypto asset related […]

The post BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report appeared first on The Daily Hodl.

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Blackrock Targets $3 Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing Token

October 19, 2024 Bitcoin.com

Blackrock Targets Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing Token

Binance

Blackrock, the world’s largest asset manager, is reportedly seeking to disrupt the $3 trillion crypto derivatives market by pushing to have its BUIDL token accepted as collateral. Discussions are ongoing with major exchanges like Binance and Deribit. The token’s interest-paying structure could appeal to institutional investors seeking alternative collateral options in the growing derivatives sector. […]

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Deribit Launches US Yield Coin (USYC) as New Yield-Bearing Cross-Margin Collateral Option

October 11, 2024 Bitcoin.com

bitcoin.com

Deribit has announced the launch of the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option. USYC, an ERC-20 token backed by reverse repurchase agreements on U.S. Government Securities, provides traders with a stable and flexible collateral option that generates daily yield. The assets are secured in a segregated account at […]

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Ethereum bulls and bears fight to win this week’s $2.8B ETH options expiry

September 26, 2024 Coin Telegraph

Ethereum bulls and bears fight to win this week’s .8B ETH options expiry

Call

Ethereum price showed strength in September, but data suggests holding above $2,600 will be a challenge.

Ether (ETH) is trying to maintain its position above the $2,600 resistance level following a 15.1% gain between Sept. 18 and Sept. 23. Recent macroeconomic data indicating a weakening economy has fueled a rally in the stock market, increasing demand for short-term government bonds. In this context, traders are betting that the upcoming $2.78 billion monthly Ether options expiry on Sept. 27 could solidify the current bullish momentum.

The surge in Ether’s price has been primarily driven by a cut in US Federal Reserve interest rates, signaling a shift toward a more accommodative monetary policy. As a result, the S&P 500 index hit an all-time high on Sept. 24. Further bolstering this outlook, a drop in the S&P Global Manufacturing PMI on Sept. 23 heightened investor concerns about the health of the economy.

Ether/USD (blue) vs. US 2-year Treasury yield (magenta). Source: TradingView

deribit