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Bitcoin (BTC) Merchants carefully monitor the monthly options of $ 20 billion set at 27 June. Although bitcoins have fallen by 1.72%over the last 30 days, traders who have used the possibility to ensure the risk of disadvantage have already become a steeper decline.
This recent price renewal may provide Bulls with a key opportunity to strengthen support to $ 105,000, a level that could prove to be decisive in pressure to the new historical maximum in the coming weeks.
Currently, there is open interest on call (Buy) $ 11.2 billion, compared to $ 8.8 billion per PUT (SELL). Especially $ 7.1 billion of these options has strikes per $ 101,000 or lower. As a result, the advantage has shifted significantly in favor of bull bets.
The best Bitcoin Bears shot relies on increasing uncertainty
Some market observers attribute the power of bitcoins to a more pigeon tone from the US federal reserve chairman Jerome Powell. In its semi -annual testimony On Tuesday before the Lower Powell Financial Services Committee, “many ways are possible” interest rates, including “reduction earlier” if inflation remains subdued.
Other Fed officials, including Governors Michelle Bowman and Chris Waller, indicated that they were expecting cut rates already at the July Fed political session, quoting recent data indicating that inflationary pressures are under control, according to Yahoo Finance. Meanwhile, the S&P 500 has climbed to its highest level in more than four months.
Bitcoin bulls consider these profits on the stock market an early signal that investors currently in short -term government bonds may soon turn to more risky assets in finding higher returns. This work is strengthened because analysts project modest growth in the S&P 500 for 2025.
Therefore, even if the central banks refrain from expanding cash base In the near future, declining revenues on fixed intake tools could still support the bonding of bitcoins up. As the possibility of possibilities approaches, the most effective bear scenario would require increased uncertainty that stems behind Continue Hashyrat or geopolitical instability, such as increasing tension in the Middle East.
Related: June remains the zone of the dangers of bitcoins while the S&P 500 Eyes Summer Rally
Bitcoin bulls will have an advantage if the price of BTC passes $ 90,000
Below are five probable scenarios based on current price trends. These results estimate the theoretical profits based on open interest -based imbalances, but exclude complex strategies such as selling optical possibilities to get a price exposition.
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Between 100 000 and 101 500 $: The result of $ 1.74 billion vs. $ 1.75 billion, which is a balanced result.
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Between $ 101,500 and $ 102,500: $ 1.86 billion speaks USD $ 1.62 billion, which prefers calls of $ 235 million.
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Between $ 102,500 and $ 104,500: $ 1.93 billion speaks USD $ 1.18 billion, which favors $ 750 million.
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Between 104 500 and $ 106,000: Calls of $ 2.47 billion over $ 1.06 billion, which prefer calls of $ 1.41 billion.
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Between 106,000 and $ 108,000: Call $ 2.84 billion $ 750 million is reported, which prefers calls by $ 2.1 billion.
In order to minimize losses, bears must force Bitcoin below $ 101,500 within 27 June, a 5% decline compared to the current $ 107,300. On the other hand, bulls can strengthen their position by keeping the price over $ 106,000, which potentially set the stage for the July rally, especially if the point bitcoins Funds traded on the stock exchange (ETFS) The tide persists.
This article is for general information purposes and is not intended and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are the author himself and do not necessarily reflect or present the opinions and opinions of Caintelegraph.
