Large investors in options markets are adding to bearish positions
Greeks.live analysts have observed complex signals in the options market. Analysts point out that whales have increased their bearish positions on BTC and ETH, while market participants' sentiment ranges from neutral to bullish. Currently, 25,000 BTC options and 217,000 ETH options are about to expire in the market. The biggest pain point for Bitcoin options is $42,000, and for Ethereum options it is $2,200. Analysts warn that with the Christmas holiday approaching, activity in the European and American markets will decrease. The decline in market liquidity may cause sudden spikes or drops in cryptocurrency prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Congress’s top priorities this lame duck session
Here’s a look at what lawmakers are most focused on in these final weeks of the 118th Congress
First-ever Dogecoin ETP debuts in Nordics as Elon Musk boosts interest in the crypto asset
BTC breaks through $94,000
The ZKasino project borrowed 12.38 million DAI from Aave again in the past 2 hours to go long on ETH
Trending news
MoreCrypto prices
More
