According to CryptoQuant’s head of research Julio Moreno, Bitcoin may already be two months into a bear market after several of his indicators flipped to bearish in early November. Moreno pointed to the price sliding below its one-year moving average as the clearest technical confirmation, and he used that signal to argue a lower trading…
Tag: options expiry
Bitcoin And Ethereum Face $14 Billion Options Expiry—Market Impact Ahead?
Today is a crucial day in the cryptocurrency market, as more than $14 billion worth of Bitcoin and Ethereum options are due to expire. Such a huge expiration may result in significant price changes and trading volumes. Currently, Bitcoin is trading at around $85,000, down by 3% from earlier this week. Market Reaction To Bitcoin,…