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$1.48B in Bitcoin options expire on Friday — Will BTC hold $22K?

Published 01/25/2023, 01:09 PM
Updated 01/25/2023, 02:40 PM
© Reuters

Bitcoin investors' sentiment improved after signals pointing to lower inflationary pressure suggested that the U.S. Federal Reserve could soon move away from its interest rate increase and quantitative tightening. Commonly known as a pivot, the trend change would benefit risk assets such as cryptocurrencies.

On Jan. 22, the China-based peer-to-peer trades of USD Coin (USDC) reached a 3.5% premium versus the United States dollar, indicating moderate FOMO by retail traders. This level is the highest in more than 6 months, suggesting excessive cryptocurrency buying demand has pressured the indicator above fair value.

Bitcoin options aggregate open interest for Nov. 25. Source: CoinGlass

Continue Reading on Coin Telegraph

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