Marché Wrap: Bitcoin oscille autour de 34,2 K $ tandis que les traders d'options paient pour une éventuelle hausse des ETH

After a record day in spot volume, bitcoin’s price went up, down and back up. pendant ce temps, most ether options traders are bearish, some are paying up in case it gets close to record highs.

  • Bitcoin (BTC) négocier $34,278 à partir de 21:00 UTC (4 pm. ET). Gaining 3% sur le précédent 24 heures.
  • Autonomie de 24 heures de Bitcoin: $32,528-$36,605 (CoinDesk 20)
  • BTC en dessous des moyennes mobiles de 10 heures et 50 heures sur le graphique horaire, un signal baissier pour les techniciens de marché.

Trading de Bitcoin sur Bitstamp depuis janvier. 9.
La source: TradingView

Bitcoin’s price had an up-and-down day, going as high as $36,605 at around 08:00 UTC (3 un m. ET), falling to $32,528 at around 14:30 UTC (9 un m. ET) and then going back up to $34,278 au moment de la publication.

Andrew Tu, an executive for quant trading firm Efficient Frontier, sees the $36,000 price level as “resistance,” an area where bearish traders seem primed to hit the sell button on bitcoin. “Right now bulls are challenging the $36,000 la résistance. It failed to get past $36,600 earlier during the afternoon Asia hours,"Tu a dit à CoinDesk. “When the U.S. East Coast woke up, the market started bidding the price upwards again.”

Monday’s bitcoin spot volumes were the highest ever seen since CoinDesk 20 data on eight major spot exchanges began being recorded. An astounding $13.3 billion in volume was traded Monday, the highest since Dec. 22, 2017, when volumes hit $9.7 milliard.

Bitcoin volumes on eight major spot exchanges the past five years.
(Recherche Shuai Hao / CoinDesk)
La source: CryptoCompare

Encore, spot volumes were much lower Tuesday, à $5.1 billion as of press time.

Bitcoin volumes on eight major spot exchanges the past month.
(Recherche Shuai Hao / CoinDesk)
La source: CryptoCompare

“There will likely be a battle to bring this past that $36,000-$36,600 intervalle,” said Efficient Frontier’s Andrew Tu.

Volume will likely play a factor in that battle given the blockbuster spot exchange activity at the week’s open. toutefois, that was due to large amounts of selling, which caused the world’s oldest cryptocurrency to dump 20% within 24 heures.

Lire la suite: Bitcoin Whales Kept Accumulating During Monday’s Crash

“Bitcoin peaked at $42,000 immediately before a weekend,” said David Russell, vice president of market intelligence at trading technology firm TradeStation. “Volume dries up when institutional investors are away and other markets are closed. That left bitcoin hanging out in the middle of thin air, with no buyers to support it.”

In the bitcoin options market, traders seem to like their chances of a $30,000 price per 1 BTC at Jan. 21 expiration. The probabilities based on the market have a 62% chance of bitcoin over $30,000 by that date, une 55% chance of $32,000 and a 47% expect the world’s oldest cryptocurrency to be $34,000 closer to the end of the month.

Probability of bitcoin spot price based on the options market at Jan. 21 expiration.
La source: Fausser

“Bitcoin is a volatile asset,” said TradeStation’s Russell. “You cannot expect anything to double in a few weeks and not pull back.”

Lire la suite: As Bitcoin Regains, Options Traders Bet on $52K Move by Late January

Michael Gord, chief executive officer of trading firm Global Digital Asset, said he expects institutions to continue scooping up bitcoin, which might help support the asset at a $30,000 price point and above. “I think we’re going to see a huge resurgence as big brands start to collateralize their treasury on the blockchain.” he said.

Bets are being placed on potential ether FOMO

Éther (ETH), the second-largest cryptocurrency by market capitalization, was up Tuesday, négocier $1,085 and climbing 6% dans 24 heures à compter de 21:00 UTC (4:00 pm. ET).

Le lundi, the amount of premium traded on Deribit’s ether options market heavily favored calls, which give owners the right, but not not the obligation, to buy an asset at a particular price. Ether’s all-time spot price high sits at $1,448, selon CoinDesk 20 Les données.

Premiums traded on Deribit’s ether options market Monday.
La source: Genesis Volatility

While the ether options market heavily favors strikes below the $800 spot ETH price point, 68% of call premiums paid Monday are apparently from traders looking to hedge out any risk of another parabolic rise in ether, according to data aggregator Genesis Volatility’s Tuesday investor note.

“Option traders are willing to pay up much more for ETH upside option exposure than they are for downside exposure,” Genesis wrote. “This activity indicates traders see an asymmetry in price action volatility, also known as ‘crash up risk’ and FOMO sentiment.”

Autres marchés

Ressources numériques sur CoinDesk 20 are all green Tuesday. Gagnants notables à partir de 21:00 UTC (4:00 pm. ET):

Lire la suite: UK Treasury Calls for Feedback to Cryptocurrency, Stablecoin Regulation

Produits de base:

  • Oil was up 1.8%. Prix ​​du baril de brut West Texas Intermediate: $53.14.
  • Gold was in the green 0.73% et à $1,856 au moment de la publication.

Trésors:

  • Les 10 ans aux États-Unis. Treasury bond yield fell Tuesday dipping to 1.134 et dans le rouge 1.3%.

Le CoinDesk 20: Les actifs qui comptent le plus pour le marché

Divulgation

Bloquons les annonces! (Pourquoi?)

La source: Coindesk

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