More than 96,000 option contracts of Bitcoin [BTC] and 978,000 for Ethereum [ETH] are set to expire on Friday, 26 April. According to
According to derivatives exchange Deribit, the BTC contracts were valued at $6.2 billion while ETH contracts were worth $3.1 billion, bringing the total to a mind-blowing $9.3 billion.
It was a similar case for ETH. For those unfamiliar, buying a call option means that a trader will make money if the price goes up. On the other hand, a put option is a bearish bet, meaning a trader will make profits if the price declines.that sellers might gain the most if BTC hits $61,000. In ETH’s case, buyers might lose a lot of money if the value of the altcoin reaches $3,100.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum ETFs: Will Hong Kong get an edge with new approvals?Hong Kong has approved spot BTC and ETH ETFs. This is sidestepping the US, whose ETH ETFs May approval still hangs in the balance.
Read more »
Bitcoin and Ethereum are diminishing in appeal, O2T Token captures market attentionThe shift in investor preferences from Bitcoin (BTC) and Ethereum (ETH) to Option2Trade (O2T) signifies a pivotal moment in the industry.
Read more »
SOL falls by 10%, but here’s how Solana is still beating Bitcoin, EthereumIn the NFT sector, Solana has established its dominance, surpassing Bitcoin and Ethereum in competitive prowess. What's next for Solana?
Read more »
Why Bitcoin, Ethereum, Solana prices crashed to trigger $950M liquidationsThe prices of Bitcoin, Ethereum, and Solana plummeted significantly. What does the future of the crypto-markets look like?
Read more »
Bitcoin (BTC), Ethereum (ETH), and other cryptos bleed as tension escalates in the Middle EastThe cryptocurrency market has registered a massive reaction to the escalating tensions in the Middle East. Bitcoin (BTC) has lost nearly 8%...
Read more »
Betting against Ethereum ETF: How a May rejection could benefit BitcoinEthereum ETF May rejection by SEC seems likely as the odds of approval drops below 25%. Can BTC benefit from the rejection?
Read more »