$1.1B in Bitcoin options expire on Friday, but data points to a sub-$55K BTC price -Breaking
[ad_1]
(BTC) bulls are nonetheless licking their wounds from the bloody Dec. 4 correction, which noticed the value collapse from $57,000 all the best way to $42,000. This 26.5% draw back transfer induced $850 million in lengthy BTC futures contracts to be liquidated, however extra importantly, it shifted the “Concern and Greed index” to its lowest stage since July 21.
It’s one way or the other unusual to match each occasions, because the July 21 sub-$30,000 low would have erased the complete positive factors in 2021. In the meantime, the $42,000 low from Dec. 4 remains to be a 44% achieve year-to-date. Examine this in opposition to the S&P 500, which is up 21% in 2021, and the WTI oil value, which has accrued a 41% achieve.
Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or harm on account of reliance on the knowledge together with information, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding varieties potential.
[ad_2]