Please enter CoinGecko Free Api Key to get this plugin works.
Please enter CoinGecko Free Api Key to get this plugin works.
HomeCrypto NewsCrypto Market Muted After HBO Satoshi Reveal Falls Flat

Crypto Market Muted After HBO Satoshi Reveal Falls Flat

-

A large bitcoin options trade anticipates a shift from the present low-volatility regime to a period of heightened price swings, potentially exceeding the $53,000-$87,000 range. The trade saw the entity pay a net premium of over $1 million to purchase 100 contracts of the $66,000 strike call and put options expiring on Nov. 29, according to data confirmed by Lin Chen, head of business development Asia at Deribit. A long straddle is preferred when the market is expected to move far enough in either direction to make the call or the put option worth more than the cumulative premium paid. For the strategy to turn profitable and overcompensate for the premium paid, the bitcoin price needs to move either above $87,000 or below $53,000 by the end of November, Chen told CoinDesk.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

New Canadian P.M. Carney Closes Gap on Polymarket with BTC-Friendly Poilievre

Newly elected Canadian Prime Minister Mark Carney, who recently won a leadership contest of the Liberal Party to replace Justin Trudeau, has dramatically increased his...

Best AI 3D Design Tools: Transforming Creativity and Workflow 2025

Remember when 3D design meant weeks of sculpting polygons, tweaking UV maps, and praying your GPU didn’t crash during a render? In 2025, AI has...

CoinEx Strengthens Web3 Expansion Through Integration with Kaia

CoinEx, a well-established global cryptocurrency exchange, has expanded its footprint in the blockchain ecosystem by integrating with Kaia. Kaia, which was introduced in August 2024...

GFAL Introduces Diamond Dreams: A Luxurious Puzzle Experience

GFAL, a gaming development company, is set to launch Diamond Dreams, a match-3 puzzle game featuring a luxury theme and optional Web3 integration. The beta...

Most Popular