Bitcoin
Friday, a tight range just during American hours before a large expiration of the quarter of options.
The upper cryptocurrency is currently negotiated at $ 107,500, down 0.2% in the last 24 hours, while the Coindesk 20 – an index of the 20 main parts by market capitalization, with the exception of staboins, exchange parts and stablescoins – lost 0.9% in the same period.
“This Friday marks one of the biggest options of options of the year on Deribit,” said Jean-David Péquignot, commercial director of Deribit, in Coindesk. BTC Open Interest Options amounts to $ 40 billion, said Péquignot, and 38% of these contracts will expire on Friday.
“The price of the maximum pain on Friday is $ 102,000, with a put / call ratio of 0.73,” said Péquignot.
The implicit volatility of Bitcoin, measured by Dolibit Dvol, fell to 38% of 50% in what was a wild April, perhaps indicating that the market is more and more confident in the role of macro-the cryptocurrency, according to Péquignot. Meanwhile, Put-Adppes bias show no clear directional positioning for short-term merchants.
“The level of $ 105,000 in Bitcoin is essential, the techniques suggesting caution if the support fails,” said Péquignot. “A low interest open for Perps and fairly depressed Bitcoin implicit and the bias are indicative of limited expectations for high price movements on Friday.”
A number of crypto stocks manage the gains on Thursday, with Core Scientific (Corz) The rise of more than 33% of a Wall Street Journal report that minor Bitcoin could soon be acquired by AI Hyperscaler Coreweave (CRWV).
Circle (CRCL)Cornerbase (COIN)Riot platforms (RIOT) and hut 8 (HUT) were higher from 5% to 7%, while the strategy (MSTR) was almost 1%lower.
