Long

Bitcoin

Time

Elon Musk

Bitcoin (BTC) broke through the $90,000 resistance level to reach a new high above $93,000, as traders on the Chicago Mercantile Exchange (CME) placed bullish bets that prices would climb to $100,000.
Traders are flocking to CME’s $100,000 call options in anticipation of even higher prices, according to CF Benchmarks, a major data provider.
Traders are flocking to CME’s $100,000 call options in anticipation of even higher prices, according to CF Benchmarks, a major data provider. Kurumsal yatırımcılar için popüler bir merkez olan CME’deki bu faaliyet artışı, yatırımcıların Eylül ayından bu yana 100.000 dolarlık alımları tercih ettiği offshore borsası Deribit’te görülen eğilimleri yansıtıyor.
Related News: <a href="https://en.bitcoinsistemi.com/elon-musk-speaks-about-dogecoin-doge-after-a-long-time-btc-price-reacts/" target="_blank" rel="noopener noreferrer nofollow">Elon Musk Speaks About Dogecoin (DOGE) After A Long Time - BTC Price Reacts</a>
Options traders have been particularly bullish, as indicated by a significant increase in the 30-day fixed-term 25 delta skew, which has crossed the volatility (vol) threshold of 5. This metric, explained by Thomas Erdösi, product manager at CF Benchmarks, indicates that demand for upside risk is increasing, with calls (rights to buy at a specified price) outperforming puts (rights to sell at a specified price) by a significant margin. A positive skew, such as the 5-vol value here, suggests that investors are optimistic about further gains.
There is also increasing demand for strike prices above $100,000, and rising implied volatility suggests traders are actively positioning for further gains. These derivatives are linked to the CF Benchmarks’ Bitcoin Reference Rate, New York (BRRNY) variant, reflecting confidence in Bitcoin’s upward trajectory.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-footsteps-to-100000-experts-herald-critical-metric-on-the-way/" rel="noopener noreferrer nofollow">Bitcoin Footsteps to $100,000 – Experts Herald Critical Metric on the Way</a>

Bitcoin Footsteps to $100,000 – Experts Herald Critical Metric on the Way

Bitcoin Sistemi EN

Other articles published on Nov 13, 2024

SEC approves Coincheck as first Japanese crypto exchange on Nasdaq

Altseason 2024: Why Ethereum, XYZ, and XRP Are Attracting Crypto Investors’ Attention!

Bitcoin Set Latest ATH at $89,956.88, Sets Eyes on Next Price Level Barries and $102,000 Bull Target

Bitcoin Price Drop Affects Cryptocurrency Market

Binance Launches Futures Trading for HIPPO and X

PNUT Price Prediction: Will $PNUT Price 5X This Week?

Join our free newsletter for daily crypto updates!