Bitcoin

This Friday, Deribit, a prominent cryptocurrency derivatives exchange, is preparing for a significant event in its trading history. Specifically, the exchange is anticipating the expiration of more than $9.5 billion worth of open interest in Bitcoin options. For context, open interest refers to the total number of outstanding derivative contracts, such as futures or options, … Read more

This year, bitcoin might hit new all-time highs, although short bets may run into difficulties given the present upward trend.  According to recent predictions made by cryptocurrency specialists, there may be a large spike in the price of Bitcoin (BTC), but there will also be a significant squeeze on short sellers. Kobeissi Letter analysts think … Read more

In spite of recent attempts to rally, the bears appear to be in control as the price of bitcoin is heading towards $40K. The price of bitcoin has dropped 4.4% during the last seven days and around 16% from its peak on January 11th, when it was $48,500. Now that the cryptocurrency is perilously approaching … Read more