Биткойн букалары жума күнкү 41 миллион долларлык BTC опцияларынын мөөнөтү бүтөр алдында 615 миң долларды кайтарып алышы керек

Over the past three months, Bitcoin’s (BTC) daily closing price fluctuated between $35,050 and $47,550, which is a 35.7% range. Although it might seem excessive, this is not unusual, especially considering BTC’s 68% historical annualized volatility. 

The relief rally that came after the April 11 dip below $40,000 followed the U.S. Consumer Price Index (CPI) report that announced 8.5% for March, the highest since 1981. Meanwhile, in the United Kingdom, the CPI jumped to 7%, a 30-year high.

For these reasons, cryptocurrency traders are increasingly concerned about the ability of the АКШнын Федералдык резервдик системасы чендин жогорулашы күтүлүүдө throughout 2022 to contain inflationary pressure. If the global economies enter a recession, investors will likely move away from risk-on asset classes like cryptocurrencies.

Moreover, the Bitcoin price correction was costly to leverage traders because the aggregate liquidations reached $428 million at derivatives exchanges.

Bulls placed their bets at $50,000 and above

The open interest for the April 15 options expiry in Bitcoin is $615 million, but the actual figure will be much lower since bulls were overly-optimistic. These traders might have been fooled by the short-lived pump to $48,000 on March 28 because their bets for April 15’s options expiry extend beyond $50,000.

Bitcoin’s recent downturn below $41,000 took bulls by surprise and only 18% of the call (buy) options for April 15 have been placed below that price level.

The 1.21 call-to-put ratio shows the dominance of the $335 million call (buy) open interest against the $280 million put (sell) options. Nevertheless, as Bitcoin stands near $41,000, most bullish bets are likely to become worthless.

If Bitcoin’s price remains below $42,000 at 8:00 am UTC on April 15, only $62 million worth of these call options will be available. This difference happens because a right to buy Bitcoin at $42,000 is worthless if BTC trades below that level on expiry.

Bulls aim for $43,000 to balance the scales

Below are the four most likely scenarios based on the current price action. The number of options contracts available on April 15 for call (bull) and put (bear) instruments varies, depending on the expiry price. The imbalance favoring each side constitutes the theoretical profit:

• $ 39,000 менен $ 41,000 ортосунда: 950 чалуу жана 5,400 чалуу. Таза натыйжа 180 миллион долларга коюу (аюу) инструменттерин пайда кылат.
• $ 41,000 менен $ 42,000 ортосунда: 1,500 чалууга каршы 3,950 чалуу. Таза жыйынтык 100 миллион долларга пайда алып келет.
• $ 42,000 менен $ 43,000 ортосунда: 1,850 чалуу жана 3,300 чалуу. Таза натыйжа 60 миллион долларга коюу (аюу) инструменттерин пайда кылат.
• $ 43,000 менен $ 45,000 ортосунда: 2,700 calls vs. 2,800 puts. The net result is balanced between call (buy) and put (sell) options.

Бул чийки баа аюу коюмдарында колдонулган сатуу опциондорун жана нейтралдуу-буллиш соодаларында гана чалуу опциондорун карайт. Ошентсе да, бул ашыкча жөнөкөйлөтүү татаалыраак инвестициялык стратегияларды эске албайт.

Мисалы, бир соодагер белгилүү бир баада Биткойндун оң таасирин тийгизип, сатуу опциясын сата алмак, бирок, тилекке каршы, бул эффектти баалоонун оңой жолу жок.

байланыштуу: Марк Юско Fed саясаты менен чыныгы көйгөйдү түшүндүрөт - жана эмне үчүн Bitcoin маанилүү.

Bears will try to pin BTC below $41,000

Bitcoin bears need to pressure the price below $41,000 on April 15 to secure a $180 million profit. On the other hand, the bulls’ best case scenario requires a push above $43,000 to neutralize any impact.

Bitcoin bulls had $180 million leverage long positions liquidated on April 10 and April 11, so they should have less margin than is required to drive the price higher. With this said, bears will undoubtedly try to suppress BTC below $41,000 ahead of the April 15 options expiry.

Бул жерде айтылган пикирлер жана ой-пикирлер гана болуп саналат жазуучу жана ал Cointelegraph көз карашын чагылдырбайт. Ар бир салым жана соода тобокелдиктерди кадамын тиешеси бар. Сиз Чечим кабыл алууда өз изилдөөлөрдү жүргүзүү shoulds.