BITPRISMIA
The article discusses the upcoming $8.8 billion Bitcoin options expiry on December 26, highlighting why a $200K Bitcoin rally by year-end is unlikely despite high open interest in call options.
The 180-day BTC call-put skew has dropped to zero, signaling a shift from bullish to neutral or cautious long-term sentiment among Bitcoin options traders, similar to patterns observed during the early 2022 bear market.
The SEC's approval to increase the options position limit for BlackRock’s spot Bitcoin ETF (IBIT) from 25,000 to 250,000 contracts signifies growing institutional acceptance of Bitcoin and unlocks new market potential.
BitMine launches NYSE options trading under the ticker 'BMNR', marking a milestone in its expansion, with Peter Thiel disclosing a 9.1% stake in the company.
Ethereum's price surge to over $3,600 was driven by the liquidation of $136 million in short positions, increased bets on ETH reaching $4,000 by July 25, and anticipation of spot Ethereum ETF approvals.