Markets rally after FOMC meeting, but Bitcoin bears still have a short-term advantage

Bears are comfortable with Bitcoin below $57,000

  • Between $45,000 and $47,000: 110 calls vs. 2,400 puts. The net result is $105 million favoring the put (bear) options.
  • Between $47,000 and $48,000: 280 calls vs. 1,900 puts. The net result is $75 million favoring the put (bear) instruments.
  • Between $48,000 and $50,000: 1,190 calls vs. 1,130 puts. The net result is balanced between call and put options.

Bulls need $48,000 or higher to balance the scales

AEX Operation Team

--

--

--

Aex Global

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

HoneyBadgerSwap: Making MPC as A Sidechain

Some thoughts on EOS governance

REF FINANCE 2021 ROADMAP

Crypto.com X StarTerra Strategic Partnership

THX & SBRecords join forces 💪🚀 providing creators full ownership and control over their assets…

The Art of the Community- Defi, P2E, and Market Psychology

CRONOS is an outstanding Blockchain project, it supports the creator economy with applications such…

What’s the deal with NFTs?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
AEXGlobal

AEXGlobal

Aex Global

More from Medium

How to spot cryptocurrency scams

Top 10 Most Popular Metaverse Crypto Games for February 2022

crypto games

KCS Super Week: A Week of Celebration

What is Luxury Royal Coin?