Bitcoin

According to one analyst, Bitcoin (BTC) options are bullish based on strike position and put-call ratios for March month-end expiration.
Bitfinex Head of Derivatives Jag Kooner said that since Bitcoin hit its all-time high, the most traded products by volume have been monthly and mid-month expiration call options with a $70,000 call price.
This concentration of call options at a $70,000 strike price on Deribit, the world's largest Bitcoin options platform, is seen in both weekend Friday and month-end expiration transactions in March.
Kooner suggests that the current put-call ratio of Bitcoin options has traders bullish. Kooner said, “The put-call (put-call) rate has remained continuously below 0.6 for the first time in 6 months, and the 24-hour put-call rate presents an even more bullish outlook with 0.47.” said.
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Bitfinex head of derivatives noted that implied volatility in the options market has decreased recently, pointing to lower volatility expectations among traders over the past 24 hours. As a result, the premium paid for options fell across all strike prices, making position taking costs cheaper. Deribit's implied volatility index for Bitcoin dropped from 77% to 72% in the last 24 hours.
Kooner continued his words as follows:
<blockquote>
 “Decreasing implied volatility values generally lead to a decrease in option premiums because the expectation of a lack of volatility in the future compared to the past provides lower risk for options market participants.”
</blockquote>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-btc-options-data-points-to-this-level-by-the-end-of-march-data-says/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Options Data Points To This Level By The End Of March, Data Says</a>

Bitcoin (BTC) Options Data Points To This Level By The End Of March, Data Says

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