Crypto Blog
The recent impressive rise of Bitcoin beyond the $35,000 threshold, a level not seen in 17 months, has initiated a ripple effect within the market.
This development is in line with the recurring patterns of heightened volatility and increased trading volume across the entire cryptocurrency sector.On October 24th, an additional $153 million worth of short positions were liquidated as the price continued its upward trajectory. Due to the market’s inherent volatility and sudden intraday pullbacks, these two days collectively saw long liquidations amounting to $200 million.
Furthermore, the open interest in Bitcoin options is displaying signs of gradual recovery, currently standing at $1.15 billion for the month. Although it falls short of its historical peak of approximately $1.69 billion, the trajectory suggests a steady resurgence in institutional interest.While overall options market activity continues to grow at a record pace, call options, for one, are increasinglyBitfinex Alpa observed that October alone saw a substantial $4.
This shift in risk appetite and investment strategy reflects strong confidence in long-term value appreciation. The options market now stands on equal footing with the futures market in terms of size and significance, highlighting its growing importance in the broader Bitcoin trading landscape.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Super Bullish Bitcoin (BTC) Price Prediction: Target By 2024 BTC HalvingCrypto Blog
Read more »
Bitcoin (BTC) Remains Strongest Asset for Institutions: MicroStrategy's Michael Saylor ShowsBitcoin dominates significantly over traditional assets, data shared by Michael Saylor shows
Read more »
Bitget Celebrates the 15th Bitcoin Whitepaper Day with “Satoshi” on the Street & BTC GiveawaysCrypto Blog
Read more »
Bitcoin options data highlights traders’ belief in further BTC price upsideBitcoin option traders’ use of neutral-to-bullish strategies explains the recent BTC price action.
Read more »
End of ‘Uptober’ targets $40K BTC price — 5 things to know in Bitcoin this weekBitcoin stares down a major macro volatility week with BTC price holding 17-month highs.
Read more »
Mega Bitcoin (BTC) Withdrawal Worth $652 Million Reportedly From Binance: DetailsCrypto Blog
Read more »