Express

Bearish Speculation Looms Among Bitcoin Option Traders

Lily Yang

Summary: According to data provided by crypto derivatives research firm Skew, a  metric measuring the price of put (bearish) options relative to that of call (bullish) options has shot up to 4.9% on July 16.  The price of BTC decreased to $9076 compared with $9450 last week, closing at the lower end of the trading range. ...

According to data provided by crypto derivatives research firm Skew, a  metric measuring the price of put (bearish) options relative to that of call (bullish) options has shot up to 4.9% on July 16. 

The price of BTC decreased to $9076 compared with $9450 last week, closing at the lower end of the trading range.

These numbers could suggest that traders are betting the downside or are hedging against a possible price drop, as analyzed by a senior trader at QCP Capital Shaun Phoon.

By Lily Yang

Last Update:

Tags: ,
Link: Bearish Speculation Looms Among Bitcoin Option Traders   [Copy]
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 7 hours ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 3 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 7 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 9 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 11 days ago
  • You need to login to comment.