Bitcoin

Toncoin

Optimism

Read

Daily

More than 600 Bitcoin $100,000 strike call options were traded in a significant block trade earlier today.&nbsp;
According to <a href="https://twitter.com/GreeksLive/status/1777342245471236210" target="_blank" rel="noopener noreferrer nofollow">Greeks.live</a>, the traders had a notional value of up to $45 million and $8.5 million worth of premiums alone. Per the options market, traders are confident that Bitcoin’s price will reach or exceed $100,000.
In simple terms, many traders are wagering that Bitcoin’s price will soar much higher, underlining a bullish sentiment in the cryptocurrency market.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Bitcoin broke through the $70,000 zone without warning, one step away from a new all-time high. The rapid rise has driven all major term IVs up significantly, with BTC Dvol now over 78%, and market sentiment has quickly reversed to a long atmosphere. More than 600 BTC of $100,000… <a href="https://t.co/JY9QXyzGMi" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/JY9QXyzGMi</a>— Greeks.live (@GreeksLive) <a href="https://twitter.com/GreeksLive/status/1777342245471236210?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 8, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
You might also like: <a href="https://crypto.news/bitcoin-all-time-high-daily-trading-volume/" rel="noopener noreferrer nofollow"> Bitcoin nears all-time high as daily trading volume rises 70% </a>
Optimism was primarily driven by Bitcoin’s 4% increase today, at BTC surpassed $71,000, followed by a week of nearly $570 net inflow in spot Bitcoin ETFs. The swift ascent has notably increased the implied volatilities (IVs) across all significant terms, with Bitcoin’s Daily Volatility (Dvol) climbing over 78%.
Consequently, market sentiment has dramatically shifted, favoring a bullish outlook. BTC’s daily <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">trading volume</a> also went up by nearly 80% today.&nbsp;
The market is riding a wave of positive momentum, or what traders call a long rhythm, as the trend gains even more significance with Bitcoin’s upcoming halving event. Halving events traditionally reduces the rate at which new bitcoins are created, potentially increasing the cryptocurrency’s value due to its limited supply.&nbsp;
As this crucial event draws nearer, the anticipation of reaching new all-time highs, possibly hitting the $100,000 mark, becomes increasingly palpable among investors and market observers alike.
Read more: <a href="https://crypto.news/toncoin-price-all-time-high/" rel="noopener noreferrer nofollow"> Toncoin price reaches all-time high </a>

Options market projects Bitcoin’s chances of reaching $100k

crypto.news

Другие статьи, опубликованные 8 апр. 2024 г.

Do Kwon Could Be Extradited to US; Terraform Labs Liable for Fraud in SEC Case

Unexpected Bitcoin Spot ETF Move from China’s Two Major Companies: It’s Official Now

Binance Advances Saga (SAGA) Listing Hour

Ali Martinez Bearish on Bitcoin’s Future – Traders Turn to Uniswap and KangaMoon After Recent Spikes

Tether (USDT) Stability Meets Koala Coin (KLC) Excitement for USD Coin (USDC) Users Exploring New...

Ethereum Leading Crypto Comeback; Targets $4000 ETH Price

Join our free newsletter for daily crypto updates!