{"id":21205,"date":"2025-02-17T13:57:28","date_gmt":"2025-02-17T11:57:28","guid":{"rendered":"https:\/\/forklog.com\/en\/analyst-highlights-bitcoin-options-traders-optimism\/"},"modified":"2025-02-17T13:57:28","modified_gmt":"2025-02-17T11:57:28","slug":"analyst-highlights-bitcoin-options-traders-optimism","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/analyst-highlights-bitcoin-options-traders-optimism\/","title":{"rendered":"Analyst Highlights Bitcoin Options Traders’ Optimism"},"content":{"rendered":"

In February, the most popular position on the Deribit crypto derivatives exchange was call options on Bitcoin at $110,000, set to expire on March 28. This was noted by Omkar Godbole from CoinDesk<\/a>.<\/p>\n

Buyers of these contracts have already paid a total net premium of over $6 million for bullish risk, the expert pointed out.<\/p>\n

A call option grants the right, but not the obligation, to purchase the underlying asset at a set price within a specified period. Buyers of such options implicitly bet on a market rise.<\/p>\n

Since the beginning of the month, Bitcoin has been trading in the range of $95,000-100,000. Bulls have seen some positive developments, such as Strategy’s (formerly MicroStrategy) purchases of digital gold and the Abu Dhabi sovereign fund’s disclosure of $436 million investments in BlackRock’s BTC-ETF.<\/p>\n

However, macroeconomic issues, highlighted by negative US inflation data and liquidity outflows caused by frequent boom-bust cycles in meme tokens, have limited growth potential, Godbole believes.<\/p>\n

Over the weekend, the market capitalization of the LIBRA coin soared above $4 billion, only for the price to plummet by 94% within minutes. Initially, the meme coin was promoted by Argentina’s President Javier Milei, who later deleted the post. As a result, the politician faced legal issues and the threat of impeachment.<\/p>\n

Amberdata’s Director of Derivatives, Greg Magadini, confirmed that a series of news was optimistic for Bitcoin, primarily referring to Abu Dhabi’s investments. However, this did not lead to a real spike in spot prices, he added.<\/p>\n

\n

“Combine these news with bearish events in the meme coin segment (a source of negative headlines), such as the LIBRA crash, pumpfun<\/a> mania, and the growing supply of altcoins, and you see the market is treading water. All this supports my thesis of a ‘sideways’ market with reduced volatility,” Magadini stated.<\/p>\n<\/blockquote>\n

Earlier, CryptoQuant experts concluded that Bitcoin might enter a new bearish phase due to a decline in investors’ risk appetite.<\/p>\n","protected":false},"excerpt":{"rendered":"

In February, the most popular position on the Deribit crypto derivatives exchange was call options on Bitcoin at $110,000, set to expire on March 28. This was noted by Omkar Godbole from CoinDesk. Buyers of these contracts have already paid a total net premium of over $6 million for bullish risk, the expert pointed out. […]<\/p>\n","protected":false},"author":1,"featured_media":21204,"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":[1168,1146,1138],"class_list":["post-21205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-cryptocurrency-market-forecasts","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21205","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=21205"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/21204"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=21205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=21205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=21205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}