CoinDesk’s Post

An options trader made a block trade, at a notional cost of over $20 million. The strategy will earn maximum profit if bitcoin falls to $47,000 on March. 29. The forecast is for prices to drop in the next few weeks, but not below $47,000. The payoff diagram shows a maximum profit at the center and a fixed loss in case prices breach the two ends, mimicking the body of a butterfly. Hence, the strategy is called a “butterfly” bet. #options #bitcoin #trading

Bitcoin briefly surged above $89,000 in early Asian hours, before correcting to as low as $87,000, in a wild trading session that saw the asset extend 7-day gains to over 32%. The volatility caused nearly $700 million in liquidations on crypto-tracked futures, impacting both longs and shorts (or bets on higher and lower prices, respectively), with $380 million in bearish traders and $290 million in bullish bets evaporated. Such cumulative losses are the highest since early April, when BTC briefly crossed its previous peak at over $73,000. #bitcoin #cryptonews #ether

After only a handful of trading days, JP Morgan writes in this article that, "we think the catalyst in bitcoin ETFs that pushed the ecosystem out of its winter will disappoint market participants." This seems a bit short sighted and ignores the longer term effects of its signaling that crypto is a legitimate asset class, its improved ease of access for traditional investors and the fact that the Grayscale Trust, a remnant of the pre-ETF era, is still unwinding. By volume and inflows, the Bitcoin ETFs represent one of the most impressive ETF offerings in history.

SEC Delays Bitcoin ETF Options And Could Deny Ethereum ETF ➡️ Read All : https://lnkd.in/eFZAy8y9 The US Securities and Exchange Commission (SEC) has delayed decisions regarding options trading on spot Bitcoin exchange-traded funds (ETFs) and is expected to deny the... [...] #SEC #BitcoinETF #EthereumETF #CryptoRegulation #FinancialMarkets #Crypto #Bitcoin #NBTC

the power of trading options Good or bad trades , 🤔 😉 let see what Markets do 😎 """" Bitcoin Options Trader Takes $20M Bet to Hedge Against Prices Dropping to $47K The strategy provides a hedge against a potential bitcoin price pullback to $47,000 and costs over $20 million, according to crypto block trading service provider Greeks.Live. The long-put "butterfly" strategy guards against a potential bitcoin price drop to $47,000 by the end of March. The strategy, involving multiple trades, cost over $20 million. """ https://lnkd.in/gV4YhHkD

All but one of the recently launched bitcoin ETFs charge a lower fee than the largest gold ETF, making them a cheaper option for investors looking to gain exposure to a gold-like asset. #bitcoin #gold #markets #ETFs #bitcoinETF #investing https://trib.al/vdLiPFS

BlackRock Tops Grayscale in Bitcoin and Ethereum ETF Races ➡️ Read All : https://lnkd.in/ed58PrWf According to data provided by Arkham Intelligence, financial giant BlackRock has overtaken Grayscale in the Bitcoin ETF race for the first time. As noted by... [...] #BlackRock #BitcoinETF #Grayscale #CryptoInvestment #EthereumETF #Crypto #Regulation #NBTC

Need evidence of just how bullish the bitcoin market sentiment is? Look no further than crypto exchange Deribit. As of writing, the dollar value of the number of active call options contracts for bitcoin at the $100K strike was over $993 million, the highest among all other BTC options listed on the exchange. The second most popular option was the $70,000 call, boasting an open interest of over $800 million. #bitcoin #trading #options

If Ethereum ETFs get approved: - It will pave the way for a ton of other crypto ETFs, breaking the previous perception that Bitcoin was the only exception - It will mark a significant political turning point for crypto, signalling an end to Warren’s anti-crypto stance - Allocators, who were starting to believe this is a Bitcoin-only cycle, will now seek exposure to a wider range of assets This is the last dam to be broken

Data shows that the average trade size for the biggest spot bitcoin ETF, BlackRock’s IBIT, hovers around $13,000, suggesting that a big chunk of its demand is coming from nonprofessional investors. #bitcoin #etfs #bitcoinetfs #digitalassets https://trib.al/6m4FFsy