🚀 Bitcoin's September Outlook Shows Optimism Amid Economic Uncertainty
#Bitcoin #SeptemberOutlook #MarketOutlook #Derivatives #OpenInterest #PerpetualContracts #OptionsTrading #Bullish #CoinGecko #Dervie #SeanDawson #BTC
According to PANews, despite macroeconomic uncertainties and adverse seasonal factors, derivatives traders maintain a slightly optimistic outlook for Bitcoin in September. Experts have noted a decrease in downward volatility. CoinGecko data reveals that Bitcoin has rebounded by 3% over the past two days, currently priced at approximately $110,000. This increase is attributed to passive buying rather than aggressive purchases.
Meanwhile, as traders adjust their positions based on employment data released this week, the open interest in perpetual contracts has surged by 2.35% over the past two days, reaching $30 billion. Historical bearish seasonal factors in September have prompted U.S. investors to reassess their positions ahead of the fiscal year-end on September 30.
Sean Dawson, Head of Research at the on-chain options platform Dervie, disclosed that options traders are betting on bullish contracts expiring on September 26. This is reflected in the increased open interest for strike prices at $120,000, $130,000, and $140,000.#Bitcoin #SeptemberOutlook #MarketOutlook #Derivatives #OpenInterest #PerpetualContracts #OptionsTrading #Bullish #CoinGecko #Dervie #SeanDawson #BTC
🚀 Investors Brace for Potential Bitcoin and Ethereum Volatility
#Bitcoin #Ethereum #OptionsMarket #PutOptions #CallOptions #Hedging #Volatility #Liquidations #DeriveXYZ #CoinBureau #SeanDawson #NickFoster #BitcoinOptions #EthereumOptions #October31 #October17 #December26 #BTC #ETH
According to PANews, following a wave of liquidations last Friday, options market investors are preparing for potential further declines in Bitcoin and Ethereum prices by setting up protective positions. Sean Dawson, Head of Research at Derive.xyz, noted a significant increase in volatility last Friday, with market sentiment indicating heightened concern over short-term downside risks. Data shows traders are heavily purchasing 'put options' for Bitcoin and Ethereum, suggesting a hedging strategy against potential downturns.
In the Bitcoin market, there has been a substantial purchase of put options with strike prices of $115,000 and $95,000, expiring on October 31, while call options with a strike price of $125,000, expiring on October 17, have shifted from buying to selling, reflecting a pessimistic short-term outlook. Nick Foster, co-founder of Derive.xyz, highlighted that traders are focusing on options with strike prices of $4,000 (expiring October 31) and $3,600 (expiring October 17). He also observed a significant purchase of put options with a strike price of $2,600, expiring on December 26, indicating bearish sentiment persisting through the end of the year.
Nic Puckrin, co-founder of Coin Bureau, commented that the recent downturn has cleared excessive leverage, temporarily resetting market risk. However, Bitcoin now faces another challenge: it must break through key resistance levels to achieve meaningful new historical highs this year.#Bitcoin #Ethereum #OptionsMarket #PutOptions #CallOptions #Hedging #Volatility #Liquidations #DeriveXYZ #CoinBureau #SeanDawson #NickFoster #BitcoinOptions #EthereumOptions #October31 #October17 #December26 #BTC #ETH