Tag: Magnet

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Forget max pain. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry

Bitcoin’s BTC$61,650.42 price drop ahead of Friday's quarterly options settlement has once again cast doubt on the popular “max pain theory."The max pain level...

There’s a huge $14 billion bitcoin options expiry this Friday and it points to $75,000 as price magnet

On Friday, bitcoin BTC$71,171.94 options or derivative contracts worth billions will expire on crypto exchange Deribit. Traders might want to note that the dynamics...

Bitcoin Bulls Target $93.5K As Short Positions Turn Into A Magnet

Bitcoin pulled back from its intraday highs after the US Federal Reserve declined to cut interest rates, but futures market data suggests traders may...