Bears positioned to take the lead as $930M in Bitcoin options expire Friday

Derivatives data for Bitcoin weekly options suggests bears may have the upper hand in tomorrow’s $930 million expiry. On May 21 at 8:00 AM UTC, $930 million worth of Bitcoin (BTC) weekly options will expire. As usual, the leader Deribit holds a 90% share, but the recent market drop might have given bears too much...

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Bullish ETH/BTC pair revives the Ethereum ‘flippening’ discussion

Bitcoin price is clinging on to $53,000 while Ethereum’s increasing bullish momentum prompted renewed discussions of an ETH flippening. Bitcoin and the overall cryptocurrency market saw minor losses on April 29 as the market heads into the expiry of $4.2 billion worth of (BTC) options contracts. Data from Cointelegraph Markets and TradingView shows that since reaching a high above $56,400 on April 28,...

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