The US SEC delayed its decision on BlackRock’s request to trade options on a spot Bitcoin ETF until April 24.BTC price steady at $67,000.By Bhushan Akolkar 3 hours ago Story Highlights The Bitcoin options data flashes put-call ratio of 0.86 with maximum pain point at $60,000.SEC delays BlackRock’s application to trade options on spot Bitcoin ETFs.
Bitcoin sharks and whales continue to accumulate despite market volatility.The Bitcoin (BTC) price continued to show strength gaining 10% over the last week amid heightened market volatility.
Earlier today, the BTC price rallied all the way past $68,000 , however, has partially retraced since then and is currently trading at $67,195 with a market cap of $1.320 trillion.
Traders Observe the Bitcoin (BTC) Options Expiry As the crypto market braces for a significant event, options data reveals impending expirations poised to shape market dynamics.A total of 29,000 BTC options are set to expire, accompanied by a Put Call Ratio of 0.86, signaling a mix of bearish and bullish sentiment.
The max pain point is calculated at $60,000, reflecting a pivotal price level where the maximum number of options contracts expire worthless, with a staggering notional value of $2 billion.
advertisement Amidst this anticipation, market volatility has surged to its highest level in nearly a year.Bitcoin’s tumultuous journey saw it briefly surpass $69,000, establishing a new all-time high, only to endure a sharp 10%+ decline thereafter.Notably, all major-term implied volatilities (IVs) surged, with ultra-short-term IVs peaking at 100%, reports Greeks.Live.
Courtesy: Greeks.Live The fervor surrounding the U.S.money-driven spot bull market has garnered global attention, with Bitcoin emerging as a recognized store of value with a promising future.
Consequently, options trading has seen a surge in volume and positions.Options are increasingly favored for their versatility, offering protection for spot buyers and high-leverage opportunities for long and short positions.
On-chain data show that despite the current volatility, Bitcoin whales and sharks have continued to accumulate.
According to on-chain data provider Santiment, despite the market turbulence following the post the all-time high volatility, sharks and whales remain active.However, there is a decline in overall non-zero $BTC wallets, largely attributed to small traders capitulating.
This combination is generally considered bullish.
Recommended Articles Crypto Presale Projects For 2024 To Invest; Updated List Must Read Best Crypto AI Trading Bots For 2024: Updated List Must Read Best Crypto Exchanges and Apps September 2024 Must Read Top Meme Coins to Buy Now: What You Need to Know Must Read Top 10 Web3 Games To Explore In 2024; Here List Must Read Courtesy: Santiment SEC Postpones Trading Options for BTC ETFs On Thursday, March 7, the U.S.Securities and Exchange Commission (SEC) delayed its decision on BlackRock’s request to trade options on a spot Bitcoin ETF until April 24.Previously, the SEC solicited public input regarding whether Nasdaq would permit options trading on BlackRock’s spot Bitcoin ETF.In another development, BlackRock also filed an application with the SEC to purchase spot Bitcoin ETFs to its Global Allocation Fund.
Additionally, the SEC postponed decisions on Cboe Exchange, Inc.
and Miax Pearl LLC spot Bitcoin ETF options.
In its filing , the SEC said:
“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change”.
Thursday’s filings revealed that the SEC has deferred its decision regarding whether to permit Cboe Exchange, Inc.and Miax Pearl LLC to list and trade options on spot Bitcoin ETFs.
✓ Share: TAGS Bitcoin (BTC) Price Bitcoin Price Analysis Bitcoin price correction BTC price analysis BTC Price Surge Trending Price Analysis Crypto Prices Today March 8th: Bitcoin Nears $68K, Ethereum At $3900, PEPE & FLOKI Rally Solana (SOL) Price Eyes Two-Year Breakout Above $150, Next Stop $500? 29,000 Bitcoin (BTC) Options Set to Expire Today, Here What’s To Expect Reddit Plans NYSE Debut in March with Shares Priced at $31-$34 Bitcoin (BTC) Price Reclaims $68,000 As Bullish Sentiment Resumes Cardano Price Hold Above Key Support Sets the Next Recovery Leap to $1 Will $FET Hit $3? Whale Accumulation Hints Fetch.ai Price Rally Isn’t Over Yet Solana Price Analysis: Is DEX Trading Volume Surge Poised To Push SOL Beyond $200? Avalanche Price 10% Surge Aims $50 Bullseye And Toppling Shiba Inu Coin’s Top 10 Spot Will Dogecoin Price Hit $0.2? Healthy Retracement Bolster Buyers for Next Leap Top Crypto Presale Projects For 2024 To Invest; Updated List Best Crypto AI Trading Bots For 2024 Top Meme Coins to Buy Now in 2024 [UPDATED] About author Disclaimer Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets.His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets.
He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge.In free time he reads thriller fictions novels and sometimes explore his culinary skills.The presented content may include the personal opinion of the author and is subject to market condition.Do your market research before investing in cryptocurrencies.The author or the publication does not hold any responsibility for your personal financial loss.Twitter Mr Bhushan Akolkar (Bhushan Akolkar) ♂ Editor 2286 Articles Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets.His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets.He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge.
In free time he reads thriller fictions novels and sometimes explore his culinary skills.[email protected] Expertise : Cryptocurrency & Blockchain, Finance Language : English Previous BlackRock Targets Bitcoin ETF Expansion for Allocation Fund
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