Bitcoin Price Tops $80K as Futures Premium Soars and $1.6B in …

Nov 10, 2024  · Bitcoin Price Tops $80K as Futures Premium Soars and $1.6B in Open Options Bet Hints Big Swings ... Bitcoin rose past $80,000 as traders scrambled to add bullish …


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FAQs about Bitcoin Price Tops $80K as Futures Premium Soars and $1.6B in … Coupon?

What's going on with bitcoin futures?

The annualized rolling premium in three-month bitcoin futures listed on prominent exchanges Binance and Deribit has surged alongside the price, topping 14% for the first time since June, according to data source Velo. The so-called futures basis on the CME rose past 10% on Friday. ...

Why did the BTC premium rise above $1.6 billion?

The uptick in the premium reflects a bias for bullish bets and may entice carry traders looking to profit from price discrepancies between the two markets. Elsewhere, open interest in the $80,000 strike BTC call, offering an asymmetric upside potential to buyers beyond the said level, increased above $1.6 billion, according to data source Deribit. ...

How much did bitcoin trade over the weekend?

Bitcoin traded above $80,000 over the weekend, extending a run for the leading cryptocurrency, which got a lift from last week’s election victory by Donald Trump. Bitcoin (BTCUSD) recently traded around $79,700, up about 4% over the past 24 hours and still in the neighborhood of record levels. ...

What's going on with the $80,000 strike BTC call?

Elsewhere, open interest in the $80,000 strike BTC call, offering an asymmetric upside potential to buyers beyond the said level, increased above $1.6 billion, according to data source Deribit. Traders have been piling into the $80,000 call since before the U.S. election, anticipating a breakout before the end of year-end. ...

Will a $80K bitcoin surge signal a pullback?

Bitcoin’s surge is closely tied to a perfect storm of regulatory changes and market conditions. The $80K level is critical for Bitcoin’s next move—failure to hold could signal a pullback. Get ready for massive savings on InvestingPro this Black Friday! Access premium market data and supercharge your research at a discount. ...

Why did the CME's futures premium rise 10% on Friday?

The so-called futures basis on the CME rose past 10% on Friday. The uptick in the premium reflects a bias for bullish bets and may entice carry traders looking to profit from price discrepancies between the two markets. ...

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