Bitcoin Options

Traders are starting to position themselves ahead of the bitcoin options expiry on Friday. (Wim van 't Einde/Unsplash)
Market Wrap: Bitcoin Rangebound Ahead of Option Expiry; Expect Higher Volatility
Sentiment in the bitcoin options market is mixed, although some traders are seeking downside protection.
Traders are starting to position themselves ahead of the bitcoin options expiry on Friday. (Wim van 't Einde/Unsplash)

Bitcoin 24-hour price chart (CoinDesk)
Market Wrap: Bitcoin Rally Fades After Fed Signals Upcoming Rate Hike
Bitcoin was roughly flat over the past 24 hours amid choppy trading conditions.
Bitcoin 24-hour price chart (CoinDesk)

Chart showing a decline in bitcoin held by the U.S. and Canadian funds and Canadian and European ETFs and ETPs. (ByteTree)
Case for Bitcoin Bottom Near $40K Is Weak as Institutions Stay Away
One observer said traders may be better off trading bitcoin volatility than taking directional bets.
Chart showing a decline in bitcoin held by the U.S. and Canadian funds and Canadian and European ETFs and ETPs. (ByteTree)

Bitcoin volatility via spot market (Skew via QCP Capital)
Crypto Options Market Starting to Have Material Impact on Spot Market: QCP Capital
The Singapore-based crypto fund wrote in a Telegram note that the newfound strength of the crypto options market prevented bitcoin from bottoming out below $40,000.
Bitcoin volatility via spot market (Skew via QCP Capital)

brown bear (Fabe collage, Unsplash)
Market Wrap: Bitcoin Options Lean Bearish as Some Altcoins Outperform
BTC is slightly lower over the past week compared with a 5% rise in Solana’s SOL token and a 38% rise in Avalanche’s AVAX.
brown bear (Fabe collage, Unsplash)

Goldman Sachs to Offer Bitcoin to Wealth Management Clients
Goldman Sachs Sees Crypto Options Markets as ‘Next Big Step’ for Institutional Adoption
While CME Group’s bitcoin futures contracts initially lured in Wall Street firms, Goldman’s head of crypto trading says options are “more versatile.”
Goldman Sachs to Offer Bitcoin to Wealth Management Clients

Bitcoin's 6-month skew shows put bias for the first time since the crash of May
Bitcoin’s 6-Month ‘Put-Call Skew’ Flips Bearish for First Time Since May
Participants may be hedging long positions or taking outright bearish bets on bitcoin.
Bitcoin's 6-month skew shows put bias for the first time since the crash of May

Volatility expected (Saxon White, Unsplash)
Market Wrap: Higher Volatility Expected in Bitcoin and Ether
There could be sharp price moves over the next few days.
Volatility expected (Saxon White, Unsplash)