The options market estimates the chances of the Bitcoin price rising to $ 50,000 by January 29 with a 20% probability. This is evidenced by the data of the analytical service Skew.
Such a scenario is not excluded against the background of the dynamics of the first cryptocurrency at the beginning of the year. After a 20% correction on January 8-11, with the price of the first cryptocurrency dropping below the $ 31,000 level, it returned to levels slightly below $ 40,000.
The indicator is calculated using the Black-Scholes formula based on call prices, strike prices, underlying asset price, risk-free interest rate and time to maturity.
Data: Skew.
Options-oriented exchange Deribit has expanded the strike price for Bitcoin-based contracts with year-end expiration to $ 400,000.
We’ve added the $ BTC 400K strike in the Dec21 expiry!
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– weights (@DeribitExchange) January 14, 2021
In the bitcoin futures market, open interest rose again to record highs near $ 13 billion.
The maximum share of OI falls on the CME exchange, which is focused on large investors, where the indicator reached $ 2.39 billion.
Note that in the fourth quarter, Grayscale cryptocurrency funds raised a record $ 3.26 billion.
On January 12, Grayscale Investments resumed accepting deposits in several cryptocurrency funds after a suspension at the end of 2020.
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