💰 Bitcoin Options Expiry: Can Almost $1B Shift BTC Prices Higher? 🚀📉

As Friday marks Bitcoin options expiry day, nearly $1 billion in contracts are set to be settled or renewed, creating ripples in the crypto market. 📅 Around 21,900 Bitcoin options contracts are on the line, with a notional value of approximately $955 million, and a put/call ratio of 0.62, indicating a higher concentration of call (long) contracts.

1. Market Dynamics and Speculation

Despite the recent market retreat, traders remain optimistic about BTC prices, especially with a significant number of call options concentrated at the $50,000 strike price. 📈 The max pain point hovers around $43,000, but the substantial interest at $50,000 suggests a collective anticipation of a bullish move by the end of the January expiration date.

2. Bitcoin Open Interest and Institutional Insights

Total open interest (OI) has seen a decline from last year's record levels to around $10.7 billion, as reported by Deribit. Meanwhile, market analysts point to a potential SEC rejection of spot Bitcoin ETFs, impacting options implied volatility. 📉 The current market sentiment suggests institutional investors might not be overly bullish on the ETF market, influencing trading strategies and option pricing.

3. Ethereum Derivatives Outlook

In addition to Bitcoin, Ethereum faces a notable derivatives expiration event, with 255,245 million contracts set to expire, amounting to $574 million in notional value. The put/call ratio for Ethereum is 0.54, indicating a slightly higher proportion of call contracts. 🌐 This adds an extra layer of complexity to market dynamics as both major cryptocurrencies navigate potential price shifts.

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Il nuovo CEO di Binance Richard Teng affronta una multa da 4,3 miliardi di dollari: dichiarazione
Mentre la comunità discute se l'ultima prova delle riserve (PoR) sia valida e completa, il nuovo CEO Richard Teng rassicura tutti che Binance (BNB) rimane un business forte con ricavi e profitti robusti.
Binance (BNB) continua a gestire il più grande scambio di criptovalute al mondo in termini di volume, con una struttura di capitale senza debiti e spese modeste. Tutti i suoi fondamentali sono “molto forti”, mentre i flussi di entrate e i profitti rimangono robusti.
Questa affermazione è stata condivisa dal nuovo CEO di Binance (BNB) Richard Teng in risposta al direttore di Coinbase Conor Grogan. Grogan ha affermato che se il più recente rapporto Proof-of-Reserve (PoR) fosse valido, Binance (BNB) non avrebbe bisogno di vendere le sue risorse crittografiche per pagare una multa di 4,3 miliardi di dollari. Anche senza "saldi di cassa fuori catena o fondi detenuti in portafogli non in PoR", le riserve pubbliche di Binance (BNB) sarebbero sufficienti per il programma di rimborso.