Bitcoin Option Traders Seem Doubtful At Entering Directional Trades

Name	Symbol	Market	Market Cap ($)	Algorithm
Rally	RLYUSD	Crypto	9,021,407	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Rally

RLYUSD

Crypto

9,021,407

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	0.0018	0.0019	0.0025

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

0.0018

0.0019

0.0025

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.0018	0.0018	0.0018	0.0018	0.001600 - 0.025500

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.0018

0.001600 - 0.025500

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	16:40:29	12,501.00	0.0018	USD

Exchange

Last Trade

Size

Trade Price

Currency

BSTP

16:40:29

12,501.00

0.0018

USD

Price x Volume	Volume	Base Symbol	Related Pairs
0.00000000	0.00000000	RLY	RLYEUR	RLYGBP	RLYBTC

Price x Volume

Volume

Base Symbol

Related Pairs

0.00000000

Bitcoin Option Traders Seem Doubtful At Entering Directional Trades

17/02/2022 6:37am

NEWSBTC

Data from Bitcoin options shows that crypto traders are currently selling out and uncertain about entering directional bets on the coin’s future transactions. This is the highest occurrence of this kind of investors’ sentiments on the coin since last year May, when more than 50% of Bitcoin’s value declined. Arcane Research’s Report On Bitcoin Crypto market analysis company Arcane Research had recently published a report on the performance of Bitcoin. Their research highlighted that the coin experienced low volatility of over 70%, bolstering that this is the first time options traders have gone on a long-term bearish direction since last year May. Meanwhile, Bitcoin options enable traders to trade on BTC price movements; as the coin appreciates, the price of the options increases. Consequently, the analyzed low volatility shows that investors aren’t ready to bet on the direction of the leading cryptocurrency. Also, this is the first time that the coin’s options have been this cheap since May 2021. Related Reading | Bitcoin Dominance Will Continue To Decline In Favor Of Ethereum, Altcoins, FTX US President In addition, Arcane Research stated that the coin’s volatility skew has peaked since last May. The volatility skew evaluates the difference between market price and call price. Generally, the call option has been more costly than the pull options, creating a downward option skew. Moreover, the recent depreciation in BTC price, the current BTC option skew, has now surmounted to its highest since the overall crypto crash in May 2021. This suggests more sellers than buyers in the coin, resulting in a bearish market. Presently, Bitcoin option investors are the most bearish in a long while. Also, they’re hesitant about choosing a direction they feel that the BTC coin is moving in. Furthermore, the report shows that this signals traders to purchase cheap calls. A Brief On Crypto Options Options enable traders to place trades on an assets’ price directions. For a transaction to be completed, the traders buy the possibilities if the digital asset reaches a predicted price. Also, it’s worthy to note that volatile assets’ options have a greater demand, as they offer better possibilities for leveraging. Consequently, crypto assets with high volatility have more expensive options. Despite Chaos, Bitcoin Price Faces a Turnaround Regardless of traders’ lack of confidence and hesitations in betting on the directions of Bitcoin options, the coin seems to be gaining. From the 4-hour chart, Bitcoin has created an upward triangle pattern and shown a 15% increase from its previous upper boundary. Related Reading | TA: Bitcoin Fails to Test $45K, Why Dips Could Be Attractive For the world’s largest crypto asset to surmount its bullish milestone, it must surpass the upper boundary of the existing chart pattern, which is above $44k. Featured image from Pixabay, chart from TradingView.com

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	Real-time Prices	Level 2
London Stock Exchange
Chi-X Europe
BATS Europe
Aquis Exchange
New York Stock Exchange
NASDAQ
American Stock Exchange
Dow Jones Indices
Precious Metal

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