Leaked Soccer Betting Tips Today
Leaked Soccer Betting Tips Today
Start: 31 May 2023 / 18:00h
EGYPT: PREMIER LEAGUE
National Bank Egypt – El Daklyeh
FT: 3-1 WON
Bitcoin, often known as cryptocurrency, was the first peer-to-peer digital money. It is well-known for its decentralized transactions, meaning no central governing agency, such as a central bank, runs it.
Bitcoin News will provide you with the most up-to-date information on what is going on in the market.
Learn more about “Bitcoin mining” and its circulation trends by devoting some time daily to essential Bitcoin News.
If you’re curious about the future of Bitcoin, subscribe to Bitcoin News now to keep up to date. Gathering all the information and creating your conclusion about the potential future situations is critical.
The latest Bitcoin News is unquestionably a vital source of knowledge, so peek and see what piques your interest.
The shifting environment and new chances that Bitcoin provides will thrill you. It’s undeniably the money of the future, so keep up with the latest Bitcoin news and devise your investing strategy.
It’s all about time, so be sensible and get as much information as possible. Don’t pass up the opportunity to glimpse what the future will look like and to prepare for it.
This Friday, over 85,000 bitcoin options contracts worth approximately $2.3 billion are slated to expire on the most significant cryptocurrency futures and options market, Deribit.
According to Deribit statistics, around 700,000 Ethereum options worth more than $1.2 billion are also slated to expire on May 26.
“This Friday, a total value of USD 3.6 billion will expire, which equals approximately 26% of Deribit’s open interest,” the site announced in a recent tweet.
It said that Bitcoin, the most popular cryptocurrency, has a Put Call Ratio of 0.38, indicating a more considerable amount of bullish bets.
Bitcoin’s maximum pain point, or the strike price at which the most significant number of options open interest will expire worthless, is about $27,000.
This level is crucial because it might serve as a significant support or resistance area, intensifying price volatility.
When translated to dollars, the current value of Bitcoin contracts approaching expiry stands at an impressive $2.2 billion.
This astonishing sum emphasizes the significance of the upcoming contract expiration and the possible impact on the market.
The Put Call Ratio for Ethereum, the second-largest cryptocurrency, is 0.49, showing a somewhat more significant share of pessimistic sentiment.
Approximately 700,000 Ethereum options contracts have an expiry date of May 26 and a theoretical value of little more than $1.2 billion.
Traders are closely monitoring the maximum pain price, which is expected to be $1,800 for Ethereum. This level might be a focal point for market moves, influencing the cryptocurrency’s short-term volatility.
Market players could expect instability in the immediate future as Bitcoin and Ethereum contract expirations approach.
These contracts’ expiration has the potential to cause short-term price changes that might ripple across the Bitcoin sector.
“In the meantime, Implied Vol remains at a rock bottom level, with DVOL trading at 50 for BTC and ETH and shorter-dated even lower but climbing slightly,” Deribit tweeted.
Approximately 700,000 Ethereum options contracts have an expiry date of May 26 and a theoretical value of well over $1 billion.
Cryptocurrencies have struggled to gain traction as investors remain concerned about the debt ceiling and the next move by the Federal Reserve.
Analysts believe that even if the US government lifts the debt ceiling before the June 1 deadline, it will harm risk-on assets such as equities and cryptocurrencies since issuing additional US Treasuries will diminish market liquidity.
In times of economic uncertainty, fixed-income assets such as one-year instruments, which now provide a 5.15% return, are usually appealing investment possibilities.
According to Reuters, US money market fund assets reached a record $5.8 trillion this week as investors focused on short-term debt instruments.