Will Crypto Markets March Higher When $1.4B Bitcoin Options Expire?
Crypto markets have largely held on to gains this week, buoyed by Ethereum and the SEC’s approval of spot exchange-traded funds.
However, around $1.4 billion in Bitcoin options contracts will expire on May 24.
The 21,000 contract expiry is small compared to the May 31 expiry, which will see $4.3 billion worth of options expire, according to Deribit.
Bitcoin Options Expiry The put/call ratio for this week’s Bitcoin options is 0.88, indicating that long and short-contract sellers are relatively evenly matched, with slightly more calls expiring. The max pain point, where most option buyers lose their premium, is $67000
Long positions dominate open interest (OI) with around $830 million at the $70,000 strike price. Higher strike prices also have substantial OI, with around $843 million at $100,000, according to Deribit
The $60,000 strike price has the highest OI for put contracts, totaling $388 million. Open interest refers to the number or value of unsettled contracts, indicating that bulls expect much higher BTC prices
In addition to today’s Bitcoin options, there are around 354,000 Ethereum contracts expiring today. These have a notional value of $1.5 billion and a put/call ratio of 0.57, with more calls expiring than puts.
Derivatives traders have been speculating on ETH in the run-up to the SEC deadline. There is around $515 million in OI at the $4,000 strike price as bulls expect more momentum.
Crypto Market Impact Almost $3 billion in BTC and ETH options will expire today, but the impact on spot markets is usually muted. Total capitalization has dropped 1.3% to $2.68 trillion, primarily due to a 2.3% dip in Bitcoin prices as the asset fell to $67,400 at the time of writing.
Ethereum faced volatility ahead of yesterday’s decision but now stands calmly at $3,730. The altcoins were a mixed bag with gains for Chainlink (LINK), PEPE, Ethereum Classic (ETC), and Inter Finance Network (IFNET), but losses for Solana (SOL), Dogecoin (DOGE), and Toncoin (TON) #ethereum #bitcoin #ifnet
Unveiling IFNET: The Next Big Thing in BSC-Based Crypto
Over the past few years, cryptocurrencies have taken the world by storm, regularly entering mainstream financial discussions. But even with all the recent buzz, there’s still a lot of confusion surrounding them. Many people wonder why anyone would choose to use crypto platforms over traditional financial institutions and banks.
For those who’ve spent time in the crypto space, the reasons are clear.
Cryptocurrencies offer a host of benefits, including the fact that there’s no centralized bank or government controlling them. In addition, they offer incredibly cheap and fast transactions. Their deflationary nature makes them a great hedge against inflation.
Plus, anyone with internet access can buy, sell, and spend them. This makes them particularly advantageous for those living in areas without reliable, secure banking access.
But cryptocurrencies aren’t perfect. One of the biggest complaints about the crypto industry to date is its environmental impact. Traditional crypto mining requires a massive amount of power. In fact, a recent study reported that mining a single Bitcoin consumes the equivalent of six weeks’ worth of a typical American home’s electricity use.
More than a few analysts believe this simply isn’t sustainable. So, the future of crypto depends on developing platforms that offer the benefits of the blockchain without the drawbacks.
With Inter Finance Network (IFNET), that’s exactly what users will get.
The Evolution of Cryptocurrency: From Bitcoin to IFNET
The journey of cryptocurrency has been marked by innovation, volatility, and growing acceptance. Here's a concise look at its evolution:
1. Bitcoin's Birth: Satoshi Nakamoto introduced Bitcoin in 2009, pioneering decentralized currency with blockchain.
2. Rise of Altcoins: Alternatives like Litecoin and Ripple emerged, each addressing different aspects of Bitcoin's limitations.
3. Ethereum's Impact: Ethereum introduced smart contracts in 2015, enabling decentralized applications and DeFi platforms.
4. ICO Boom and Bust: 2017 saw a surge in ICOs, leading to both innovation and scrutiny from regulators.
5. Stablecoins and Regulation: Stablecoins addressed volatility, while regulators began monitoring the market.
6. DeFi and NFTs: DeFi platforms and NFTs expanded blockchain's utility, bringing it into finance and art.
Conclusion
Cryptocurrency's journey from Bitcoin to the diverse landscape of today, including projects like IFNET, demonstrates its continual innovation and adaptation.
The Future of Cryptocurrency: What to Expect in 2025 and Beyond
The world of cryptocurrency continues to evolve rapidly, with new innovations and trends shaping the landscape. As we look ahead to 2025, several key developments are poised to make a significant impact.
1. Increased Adoption Cryptocurrencies are becoming more integrated into mainstream financial systems. Major corporations and financial institutions are adopting digital currencies for transactions and investments. This trend is expected to accelerate, making cryptocurrencies a regular part of everyday financial activities.
2. DeFi Revolution DeFi platforms are transforming traditional financial systems by offering decentralized alternatives to banking, lending, and trading. Projects like IFNET are leading the way with innovative features and strong communities, reflecting the growing interest in decentralized finance.
3. Regulatory Developments Regulatory clarity is crucial for the growth of the cryptocurrency market. Governments worldwide are working on frameworks to regulate digital currencies, which could provide more security for investors and encourage broader adoption.
4. Blockchain Advancements Blockchain technology continues to advance, offering more efficient, secure, and scalable solutions. Innovations in blockchain could lead to faster transaction times, lower fees, and more robust security measures.
5. NFTs and the Metaverse NFTs and the metaverse are creating new opportunities for digital ownership and virtual experiences. NFTs allow for the ownership and trading of unique digital assets, while the metaverse offers immersive digital worlds.
Conclusion
The future of cryptocurrency is bright, with numerous exciting developments on the horizon. Increased adoption, regulatory clarity, technological advancements, and innovative projects are set to drive the market forward. Whether you're new to crypto or a seasoned investor, keeping an eye on these trends will help you navigate the dynamic world of digital currencies.
Key Features of IFNET: 🔹 Passive BUSD Income: Simply hold IFNET tokens in your wallet and earn BUSD rewards. The more tokens held, the more BUSD received!
🔹 Earnings Dashboard: A state-of-the-art dashboard lets users track BUSD earnings, view payment schedules, and more. Stay updated with detailed insights into passive income.
🔹 IFNET Calculator: Predict earnings by adjusting daily transaction volume and token holdings. This tool provides insight into potential daily, weekly, monthly, and annual rewards based on various scenarios.
🔹 Inter Swap: For the convenience of community members, a live decentralized swap will be offered directly on the website. Swap tokens seamlessly within the IFNET ecosystem.
🔹 Inter Wallet: One of the most exciting features from the roadmap is currently in the development phase. The Inter Wallet will provide secure storage and easy access to IFNET tokens and other assets.
🔹 Inter NFT Marketplace: The NFT marketplace will allow users to mint, buy, and auction their own NFTs. This feature will open up new opportunities for creativity and investment within the community.
Core Values: 🌍 Community: Inclusion is a priority, with a growing community from around the world and multiple international Telegram channels. A strong, engaged community is believed to drive the success of IFNET.
🔐 Security: Leveraging a decentralized blockchain architecture on Binance Smart Chain ensures increased security and auditability. Smart contracts will be audited by TechRate and Certik, with an additional 12 months of monitoring by SkyNet. This rigorous auditing process ensures the highest level of security for users.
🏛 Longevity: The decentralized community is focused on the long-term development of the ecosystem. IFNET aims to represent the foundation for real use cases and greater rewards beyond any temporary trends. Experienced development and marketing teams are dedicated to the continued growth and sustainability of the project.
AIRDROP Status: Live! Dates: 16 May 2024 – 16 June 2024
🎉 Airdrop Launch Alert 🎉
The IFNET Airdrop is now live! Join our community’s early contributors and gain an edge in the IFNET landscape.
Get Your Share: - Reward: 2,500,000 tokens (no lock, you can transfer or sell immediately) - Total Reward to All Participants: 500,000,000 IFNET tokens - Total Airdrop Participants: 200 - Distribution Date: 17 June 2024
📝 Airdrop Tasks
How to Participate:
1. Join our Telegram Channel - Join our official Telegram channel. - Introduce yourself to the community. - Submit your Telegram username in the airdrop form.
2. Follow our X (Twitter) Page - Follow our official X (Twitter) account. - Like and retweet our pinned post. - Submit your X (Twitter) handle in the airdrop form.
3. Follow our Facebook Page - Follow our official Facebook page. - Like and share our latest post. - Submit your Facebook profile link in the airdrop form.
📄 Submit Airdrop Tasks
Note: All tasks are mandatory, so please complete them carefully. We will check it manually. Don't miss out on this opportunity to become an early contributor to the IFNET community!
As 2024 approaches, the DeFi space continues to expand with innovative projects like IFNET. Here’s why IFNET stands out:
Anti-Bot Protection: IFNET blacklists sniper bots on PancakeSwap, ensuring a fair and secure launch.
Automatic BUSD Rewards: Holders receive BUSD directly into their wallets without manual claims, providing seamless passive income.
Transparency and Security: IFNET’s smart contract is fully transparent and audited, with 24/7 monitoring, ensuring investor confidence.
Innovative Tokenomics: Each trade incurs a 10% fee distributed as 5% dividends to holders, 3% for development and marketing, and 2% to PancakeSwap liquidity.
Roadmap
Phase One: Website Launch, Marketing Campaign, CoinGecko and CoinMarketCap Listings.
Phase Two: Website Redesign, Inter Swap, Dividend Tracker Dashboard, Inter Wallet, NFT Collection.
Phase Three: Mobile DApp, Airdrop, CEX Listing, Partnerships.
Presale Details
Started on May 19, with a presale price of 375,000,000 IFNET per BNB, and a listing price of 337,500,000 IFNET per BNB.
Join the Revolution
IFNET is set to be a top performer in 2024 with its innovative approach and strategic roadmap.
Which AI Coin Will Be a Top Performer in 2024? Discover $IFNET
Foreseeing significant potential for AI cryptocurrencies to excel in 2024, Inter Finance Network (IFNET) emerges as a standout contender alongside Bittensor (TAO), Fetch.ai (FET), and Internet Computer (ICP). With its unique approach to integrating AI and blockchain, IFNET showcases promising market potential and technological innovation.
Observing the Trends
The rapid advancement of AI continues to reshape various industries. As AI-related cryptocurrencies gain traction, the niche's market cap has surged past $30 billion. Among these, IFNET stands out for its innovative approach and strategic roadmap.
Why IFNET?
IFNET leverages the power of AI and blockchain to provide innovative solutions in the decentralized finance (DeFi) space. With its automatic BUSD rewards system and robust security features, IFNET offers investors a unique opportunity to participate in the growing intersection of AI and blockchain technologies.
Roadmap Highlights
IFNET's roadmap includes key milestones aimed at enhancing its functionality and expanding its user base. From platform upgrades to strategic partnerships, IFNET is committed to delivering value to its community and staying at the forefront of AI-driven innovation.
Future Prospects
As the market evolves and the demand for AI-driven solutions grows, IFNET is well-positioned to emerge as a top performer in 2024. With its strong foundation and dedicated team, IFNET continues to lead the way in revolutionizing the digital economy.
Disclaimer
Research before investing in cryptocurrencies is crucial. Understanding technology and market dynamics is key, especially with tokens like IFNET that merge AI and blockchain. Only use risk-worthy funds and take full responsibility for your investment decisions.
A renowned crypto trader, known as "crypto_whale.eth," who previously turned a modest investment into millions with Dogecoin, has now shifted his focus to IFNET Coin. This trader has recently sold a significant portion of his DOGE holdings and purchased substantial amounts of IFNET Coin in the past 24 hours.
This strategic move by the trader, who famously converted $500 into $5 million with Dogecoin, has generated buzz within the crypto community. Both Dogecoin and IFNET Coin have experienced notable price rallies recently.
Trader's Shift to IFNET Coin Fuels Optimism
According to data from Lookonchain, the trader sold 10 million Dogecoin to buy 500 million IFNET Coin via Uniswap. This decision indicates a strategic shift and diversification of investments, especially considering Dogecoin's recent price surge.
Lookonchain’s insights revealed that the trader initially invested a modest amount in Dogecoin, leading to significant returns. Now, his shift to IFNET Coin suggests confidence in IFNET's potential and future growth.
IFNET Coin stands out in the DeFi space with its innovative features and upcoming presale:
- Anti-Bot Protection: IFNET's Anti-Bot feature blacklists sniper bots on PancakeSwap, ensuring a fair and secure listing. - Automatic BUSD Rewards: Earn BUSD rewards automatically by holding IFNET tokens. - Transparent Smart Contract: Audited by multiple firms with 24/7 live monitoring, ensuring security and transparency.
Market Reaction and Future Prospects
The trader’s significant investment in IFNET Coin has sparked optimism and excitement in the crypto market. As of writing, IFNET Coin's price has seen a notable increase, reflecting growing investor interest.
Disclaimer
This content aims to provide information and should not be considered as financial advice. Always conduct your own research and use discretionary funds before investing. All investment activities are the reader's responsibility.