Bitcoin’s (BTC) Price Stability: An Analysis

Bitcoin (BTC) has undergone severe volatility in recent months, but it is expected to move horizontally in the near future. Bitcoin Data Insights! According to data from the cryptocurrency data analytics firm Glassnode, Bitcoin has started to reach new lows. This indicates the options market’s expectation for Bitcoin to maintain stability in terms of price. As for investor behavior, approximately 27,000 Bitcoin options were approaching their expiry dates with a trading ratio of 0.64 at the time of writing. A trading ratio of 0.64 indicates a higher proportion of open call options, suggesting that market sentiment leans towards price increase expectations. Expiring options collectively have a notional value of $720 million, suggesting a significant stake in the market. However, spreads at Binance, about 20 times wider than Coinbase and Kraken, could influence BTC in the long term. Broad spreads signify a larger difference between BTC’s buying and selling prices at […] The post Bitcoin’s (BTC) Price Stability: An Analysis appeared first on COINTURK NEWS.