BTC Dex Merchants Center to fluctuate the negative side prices with $ 25,000-106 thousand dollars, and derivative data

Bitcoin

The options flow on the leading decentralized Onchain platform.

As of Monday, 20 % of the total interest on the BTC options, which amounted to more than $ 54 million, was focused in options for setting July 11 with $ 85,000, $ 100,000 and $ 106,000, according to the data that the joint participated Derive.

“This indicates that traders are putting on a potential downside, and they may prepare for uncertainty in macro or profit after modern power,” Nick Forster, founder of Derfesk, told Coindesk.

The option to apply a pregnant woman has the right to sell the basic asset, such as BTC, at a pre -set price in or before a specific future date. The buyer put an implicit decline in the market, and seeks to hedge against or benefit from a possible decline in the basic basic price. The open interest indicates the value of the dollar for the number of active options contracts at a certain time.

Forster added that options were developed representing more than 70 % of the trading volume within the past 24 hours, a sign that “BTC traders are on a defense.”

The declining flow on the activity on the giant Deribit contrasts central coding options, as traders abandoned expiration mode options in July while purchasing bullish bets or contact options. The amendment occurred as the BTC price increased by more than 7 % last week, which represents a strong bounce of $ 100,000.

“We note that dumping is no longer required 100,000 dollars, less in July, and re -purchase (blue) From 108,000 dollars -115,000 dollars in addition to calls. With a quieter environment and the next weekend on the fourth of July, more stocks were sold to merchants. ” I noticed deribit On x.

Dex dealers optimistic about ETH

Traders bent on the upright derivative on the ether, where about 30 % of the open benefits focus on strike call options of $ 2900 and another 10 % in the call of $ 3,200.

“It seems that this site is driven by the expectation of ETHCC at the Cannes Festival – a major event linked historically to product advertisements and ecosystem growth. Traders are clearly expecting incentives that can push ascending momentum.”