Crypto Options Expiry Looms, Impact on Market Assessed
With the looming options expiry for Bitcoin and Ethereum scheduled for February 16, the crypto market is bracing for potential impacts amidst a backdrop of positive trends. This event marks a critical juncture for market participants as they assess the implications of key options data metrics and recent market performance.
Chinese New Year Holiday Affects Crypto Derivatives Market
During the Chinese New Year holiday period, the crypto derivatives market experienced a noticeable flattening of activity. This phenomenon, commonly observed during significant holidays, reflects a temporary slowdown in trading volumes and market participation. As the Chinese New Year holiday draws to a close, market participants anticipate a resurgence in trading activity.
Investor Optimism Grows as Chinese New Year Nears its End
As the Chinese New Year holiday draws to a close, investor optimism in the cryptocurrency market is palpable. A notable aspect of this optimism is the increasing number of bets placed on Bitcoin reaching new all-time highs before the halving event. This sentiment reflects a bullish outlook among investors regarding the future trajectory of Bitcoin’s price.
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