Crypto Options Market Makers Starting to Influence Bitcoin Price
"Market makers were heavily short puts in the range of $52,000 to $50,000, and I estimate were forced to sell nearly 2,900 bitcoin," one trader said.
Not all industry participants are amused by dogecoin’s tricks.
The South Korean-based stablecoin platform Terra has seen its market capitalization overtake better-known decentralized rival Maker's.
The balance of bitcoin held on major exchanges is on the rise in what some analysts say is a bearish sign.