Cosmopolitan bitcoin
And ether traders are preventing their defense because the broad market continues for rapid price action in summer.
This is the message of an option-based strategy called the 25-Dalta Risk Reversal, including the sale of a put option simultaneously and the sale of calls, or vice versa.
At the time of writing, the risk -up Deribit-Lised bitcoin and ether options indicated that investors were making positions for the bottom instability in summer.
According to the data source, the 25-delta exposure of BTC for June, July and August Tenners was negative, indicating a preference for put options, which provide negative security, which are at call or bulish stake. AmberdataIn the case of ETH, the puts were pricer for the end of July.
Traders usually purchase options to hedge their long positions in opportunities and futures markets, protecting themselves from a decline in potential value.
Singapore -based QCP Capital said in a market note, “Risk Reversal in both BTC and ETH continues to show a priority for negative security in June and September tenors. It suggests that long holders are actively preparing spot exposure and potential drawdowns.”
The nervousness is evident from the over-the-counter liquidity platform paradigm, where the top five BTC trades for the week include The risk of a put proliferation and a recession inverted. Meanwhile, in the case of ETH, a long position in $ 2,450 crossed the tape with a short throat (instability) business.
According to COINDESK data, Bitcoin, the major cryptocurrency, trades more than 40 days over $ 100,000 by market value. According to analysts, taking advantage by the sale of long -term holders and miners has led to a strong faster for the spot ETF, leaving the prices directed.
“Bitcoin has recently tracked it sideways, suggesting that its current price can be very high for many retail investors. BTC options have increased open interest, positive and rising 25 delta put-kol diagram on 30-day contracts, meaning that the market participants are seeking short-term security through the curiosity put option,” Capital Report is asking for a short-term safety, “Coinbesses Report is asked in the co-ordinated institutional. Has gone.
On Friday, BTC closed the 50-day simple moving averages (SMA) for the first time since April for the first time under the major support (UTC). Breakdown may lead to more chart-powered sales, resulting in a drop below $ 100,000.
Some observers, however, expect a rally for new record height. In the market Supervisor cass ebeBTC’s on-balance volume has continued to indicate strong purchase pressure, suggesting that prices may rise to $ 130,000- $ 135,000 by the end of the third quarter.
