{"id":15936,"date":"2024-08-08T14:19:23","date_gmt":"2024-08-08T11:19:23","guid":{"rendered":"https:\/\/forklog.com\/en\/significant-purchases-of-december-call-options-observed-by-experts\/"},"modified":"2024-08-08T14:19:23","modified_gmt":"2024-08-08T11:19:23","slug":"significant-purchases-of-december-call-options-observed-by-experts","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/significant-purchases-of-december-call-options-observed-by-experts\/","title":{"rendered":"Significant Purchases of December Call Options Observed by Experts"},"content":{"rendered":"<p>The bullish outlook for Bitcoin persists due to substantial purchases of call options with expirations in December and March, according to QCP Capital.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">3\/ We remain bullish on <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> as we see significant call buying in the Dec and March expiries. Major funds also continue to roll their Sep long call positions.<\/p>\n<p>\u2014 QCP (@QCPgroup) <a href=\"https:\/\/twitter.com\/QCPgroup\/status\/1821491051728970122?ref_src=twsrc%5Etfw\">August 8, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Experts noted that major funds are also transitioning to bullish contracts with September execution.<\/p>\n<p>According to experts, the market may soon encounter a ceiling on price recovery due to Ethereum liquidations by Jump Trading and potential distribution by Chinese authorities.<\/p>\n<p>The analysts&#8217; optimism is partly based on statements by Bank of Japan Deputy Governor Shinichi Uchida, who <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-07\/boj-won-t-raise-interest-rate-if-markets-unstable-uchida-says\">reduced the likelihood<\/a> of another rate hike in the near future &#8220;due to volatility.&#8221;<\/p>\n<p>On August 9, the crypto derivatives exchange Deribit will see the expiration of Bitcoin (~$2.25 billion) and Ethereum (~$500 million) options. The highest open interest among &#8220;at-the-money&#8221; contracts is concentrated at $58,500 and $2,700, respectively.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tomorrow approximately $2.25 billion in <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/options?src=hash&#038;ref_src=twsrc%5Etfw\">#options<\/a> are set to expire <\/p>\n<p>BTC Options Notional Value: $1.75 billion<br \/>Put\/Call Ratio: 0.66<br \/>Max Pain Point: $59,500<\/p>\n<p>ETH Options Notional Value: $0.50 billion<br \/>Put\/Call Ratio: 0.93<br \/>Max Pain Point: $2,950<\/p>\n<p>Weekly Expiry: 8:00 AM\u2026 <a href=\"https:\/\/t.co\/NteH0hqli0\">pic.twitter.com\/NteH0hqli0<\/a><\/p>\n<p>\u2014 Deribit (@DeribitExchange) <a href=\"https:\/\/twitter.com\/DeribitExchange\/status\/1821467553719288263?ref_src=twsrc%5Etfw\">August 8, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>During the market downturn on August 5\u20136, Bitcoin whale transactions reached their highest level since April, according to Santiment.<\/p>\n<p>According to CryptoQuant&#8217;s calculations, the balance of long-term investors&#8217; digital gold wallets increased by 404,448 BTC ($23 billion) over the past 30 days. <\/p>\n<p>ForkLog has gathered opinions from experts and market participants regarding the future price prospects of the leading cryptocurrency.<\/p>\n<p>Earlier, CryptoQuant analysts stated that Bitcoin had regained key support at $56,000, but uncertain trading indicates risks of a renewed downward trend.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bullish outlook for Bitcoin persists due to substantial purchases of call options with expirations in December and March, according to QCP Capital. 3\/ We remain bullish on #BTC as we see significant call buying in the Dec and March expiries. Major funds also continue to roll their Sep long call positions. \u2014 QCP (@QCPgroup) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,1145,1326],"class_list":["post-15936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-market-analysis","tag-qcp-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15936"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15935"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}