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Here’s how Bitcoin spot, derivatives will do, following the expiry

Bitcoin Options are holding steady, despite Friday’s expiries that amounted to over $1B. As predicted a week ago, the expiry event was a smokescreen. In fact, the outcome was the opposite of the anticipated crash on the CME, with Open Interest and Volumes remaining consistent.   According to data from Skew, $7B worth of contracts expired […] The post Here’s how Bitcoin spot, derivatives will do, following the expiry appeared first on AMBCrypto.

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Bitcoin might just stay clear of the $9600 CME Gap

The value of Bitcoin continues to trail under the resistance of $10,440 in the charts, as its inability to peak above continues to draw speculation. Although over the week, the asset has slowly bridged the gap from a bottom of $9890, a prolonged period of consolidation may cause exhaustion in buying pressure as well. The impact of CME’s dropping OI was also highlighted in a previous article where investors closing out their position might have hurt Bitcoin’s overall trade as well. However, a recent Ecoinometrics newsletter suggested that might not be completely true in the long term. The newsletter indicated…

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