Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-price-dips-as-market-anticipates-options-expiry" rel="noopener noreferrer nofollow">Bitcoin Price Dips as Market Anticipates Options Expiry</a><br></p>
<p style="text-align: justify">In a recent market development, <a href="https://en.bitcoinhaber.net/standard-chartered-analyst-projects-positive-future-for-bitcoin-etfs-and-hints-at-ethereums-next-move" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/blackrock-fosters-new-highs-in-bitcoin-investment" rel="noopener noreferrer nofollow">BTC</a>), the dominant <a href="https://en.bitcoinhaber.net/mercedes-benz-forges-strategic-alliance-with-crypto-firm-biconomy" rel="noopener noreferrer nofollow">cryptocurrency</a>, has seen a sharp 10% decrease in value, dropping to $65,500 from record highs. This dip comes as the market braces for the expiration of a significant number of Bitcoin options contracts at the end of the week. The pullback has contributed to a general reduction in volatility, a trend that investors have been monitoring with anticipation of the options expiry.</p>
<h2 id="whale-movements-and-options-data">Whale Movements and Options Data</h2>
<p style="text-align: justify">Analytics platform Greeks.Live has reported a fall in Bitcoin’s Dvol, a measure of volatility, below 70%. This is indicative of continued downward pressure on implied volatility, following observations from the prior month. The recent purchasing of put options by large-scale investors post-Bitcoin halving has led to a noteworthy margin in trade volume. With the impending expiry of 18,000 BTC options, boasting a put-call ratio of 0.64 and a notional value of $1.2 billion, at a strike price of $68,000, the actions of these “whales” are under close watch.</p>
<p style="text-align: justify">The crypto market has been underperforming this week, with selling transactions taking precedence. This has been coupled with a widespread drop in implied volatilities across key terms. While Bitcoin enjoys some support from its halving cycle, other cryptocurrencies are grappling with a bearish phase. Additionally, the market is adjusting to the premium absorption from Exchange Traded Funds (ETFs), which has led to a dip in the rate of ETF inflows.</p>
<h2 id="trends-in-bitcoin-etf-investments">Trends in Bitcoin ETF Investments</h2>
<p style="text-align: justify">Investments into Bitcoin ETFs have waned, with daily net inflows hovering around $100 million. Notably, outflows from the Grayscale Bitcoin Trust (GBTC) have hit the lowest for the month, while inflows to BlackRock’s IBIT and Fidelity’s FBTC are experiencing a downturn. Despite this, contributions from spot Bitcoin ETFs in the past two months have been linked to BTC’s price surge to $73,500. An ETF strategist from Bloomberg pointed out that a large portion of Bitcoin’s 40% gain since ETF inception occurred after trading hours, creating substantial gaps between closing and opening prices.</p>
<h2 id="implications-for-the-reader">Implications for the Reader</h2>
<ul>
 <li>Expect continued volatility around Bitcoin options expiry dates.</li>
 <li>Monitor whale activities, as their trades can significantly impact market direction.</li>
 <li>ETF inflows and outflows are a critical metric for gauging institutional interest in Bitcoin.</li>
 <li>Price discrepancies could arise due to after-hour trading, impacting opening prices.</li>
</ul>
<p style="text-align: justify">This decrease in Bitcoin’s price ahead of the options expiry provides insight into the potential influence of large investors and institutional developments on the cryptocurrency market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-price-dips-as-market-anticipates-options-expiry" rel="noopener noreferrer nofollow">Bitcoin Price Dips as Market Anticipates Options Expiry</a></h5>

Bitcoin Price Dips as Market Anticipates Options Expiry

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