Investors should keep an eye on the tight inverse correlation between the strength of the U.S. dollar and Bitcoin.
Decentralized finance yields are incredibly attractive, but options markets can also provide similar sized returns for those willing to take risks.
Bears lurk as Bitcoin price is down and $284M in CME BTC options are set to expire on Friday.
Retail traders were rattled by Bitcoin’s $900 drop but BTC options data remains bullish ahead of Friday’s expiry.
Ethereum’s correction triggered a DeFi-token collapse which resulted in YFI and UNI dropping by 46%.
47% of Bitcoin options expire next Friday, meaning BTC could be on the verge of a trend defining move.
Bitcoin price has remained above $10,000 for some time, but will the momentum tip back in the bulls favor for a retest of the key multi-year resistance at $12K?
Bitcoin price still faces resistance at $11K as traders turn their attention to DeFi-tokens like Uniswap (UNI).
Lured by the sirens’ call, traders are wrapping their Bitcoin at record levels in order to yield farm and trade DeFi tokens.
3 key indicators signalled that Bitcoin’s rally to the $11K level was a dud.