Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Greeks.live: Options data shows that institutions have strong expectations for Bitcoin to reach $110,000 by the end of the year

Greeks.live: Options data shows that institutions have strong expectations for Bitcoin to reach $110,000 by the end of the year

Bitget2024/12/16 02:56
BTC-2.48%ETH-2.83%

Adam, a macro analyst at Greeks.live, posted "Weekend Bulk Order GPT Analysis" on X:

BTC contract exercise price: Bullish and bearish options frequently appear between $90,000 and $115,000, indicating the market's high expectation of volatility in this price range.

ETH contract exercise price: Between $3,500 and $10,000, showing the market's expectation that ETH prices may fluctuate significantly.

Term: The concentrated term is from 27DEC24 to 31JAN25 with mainly short-term trades. 

Most bulk orders over the weekend are long positions. Orders above $100k dominate by month-end. Institutions are optimistic about the market before year-end. Bitcoin hit a new high today; according to option data institutions have strong expectations for it reaching $110k by year-end.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Whale address 0xc2a3 continues to increase its long positions in Bitcoin and Ethereum, bringing its total holdings to $158 million.
2
Analysis: Investors are "buying the dip" in Bitcoin around $110,000

Crypto prices

More
Bitcoin
Bitcoin
BTC
$108,617.62
-2.15%
Ethereum
Ethereum
ETH
$3,904.44
-2.12%
Tether USDt
Tether USDt
USDT
$1
-0.01%
BNB
BNB
BNB
$1,139.29
-2.22%
XRP
XRP
XRP
$2.37
-3.09%
Solana
Solana
SOL
$188.22
-4.91%
USDC
USDC
USDC
$0.9998
-0.02%
TRON
TRON
TRX
$0.3185
+1.91%
Dogecoin
Dogecoin
DOGE
$0.1901
-4.68%
Cardano
Cardano
ADA
$0.6544
-2.71%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter