您现在的位置是:Institutional traders see BTC at $75k by May >>正文
Institutional traders see BTC at $75k by May
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛6773人已围观
简介Institutional traders are placing bullish bets on Bitcoin as they expect the cryptocurrency to trade...
Institutional traders are placing bullish bets on Bitcoin as they expect the cryptocurrency to trade between $75,000 and $100,000 by May
According to options market data, institutions traders believe the leading cryptocurrency’s price could continue its rally and reach $75,000 or higher by May. Bitcoin’s price has been trading around the $49,000 region for the past few hours, after losing 20% of its value to drop from an all-time high of $58,000 to $43,000 late last month.
However, institutional traders are now bullish on the cryptocurrency and predict it would continue with its record-breaking year. Swiss-based options analytics platform Laevitas confirmed this to CoinDesk in an interview yesterday.
Laevitas said, “On Monday, some block traders took bull call spreads at $75,000 and $100,000 strike call options expiring on May 28 via over-the-counter (OTC) trading and settlement desk Paradigm. These could be institutions betting that Bitcoin will hit at least $75,000 by summer”.
A bull call spread allows traders to buy call options below, above or the exact spot market price and then sell the equal number of calls at a higher stake price before the expiry date. The call option they buy gives the holder the right but not the obligation to purchase the underlying asset at a pre-agreed price on or before a certain date.
Yesterday, an institutional trader purchased 100 contracts of the May 28 expiry call option. The call options had a $75,000 strike price, and the trader proceeded to sell 100 contracts of the May 28 expiry call option at $100,000.
The institutional traders usually trade Bitcoin and other cryptocurrencies via over-the-counter (OTC) desks to avoid affecting the crypto spot market prices. Deribit usually executes, margins and clears the trades facilitated by Paradigm. Deribit and Paradigm are institutional-grade derivatives exchanges platforms.
The consensus is that the current cryptocurrency market rally differs from that of 2017, thanks to the entry of institutional investors and traders. Institutional investors are buying up bitcoins in the market and are also investing in other cryptocurrencies like Ether (ETH), Litecoin (LTC) and Polkadot (DOT).
The options market data shows that institutional investors remain optimistic that BTC would overcome the recent pullback and continue its rally over the coming months.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/14941.html
相关文章
Sui Blockchain awards blockchain security firm CertiK $500K CertiK
Institutional traders see BTC at $75k by MaySui awarded CertiK for identifying a vulnerability dubbed “HamsterWheel” on Sui Blockcha...
阅读更多
Trading robot 1KDailyProfit booms in Spanish
Institutional traders see BTC at $75k by MayIndustry sources have told Cointext that the cryptocurrency trading bot’s uptake has accelerat...
阅读更多
Ripple secures a ‘huge win’ as Judge rules XRP is ‘not’ a security
Institutional traders see BTC at $75k by MayJudge Analisa Torres rules XRP token is a not a security.Coinbase will resume trading in XRP in the...
阅读更多
热门文章
- bitFlyer Links Up With PayPal To Offer New Deposit Method
- Chinese team invents new family of metallic compounds
- AMPL/USD falls sharply after spiking 77% as sellers go for gains
- Report: 33 straight days of net withdrawals from crypto exchanges
- Brazil Considers Using Blockchain Platform For COVID Testing
- Where to buy MOBOX: MBOX hits ATH, looks set to keep rising
最新文章
Bitcoin touches $29k for the first time since May: Why is Bitcoin price up today?
Meet Humane: An AI
Israeli startup hopes to offer lunar flying services to drop payloads on the Moon
North Carolina approves bill on state study of Bitcoin
Microsoft agrees to power purchase agreement from nuclear fusion company Helion
Substack now accepts Bitcoin payments on Lightning Network