![[시황] Bitcoin once fell to ,500, clear preference for Ether call options](http://www.coindeskkorea.com/news/photo/202101/72539_9962_2311.jpg "[시황] Bitcoin once fell to ,500, clear preference for Ether call options")
As Bitcoin gradually recovers from a steady decline, Ethereum options traders predict that Ether prices will continue to rise. On the 19th, two days ago, the price of Ether reached a record high of $1439 each.
- As of 10 o’clock this morning, Bitcoin traded for about $35,138 each. This is a decrease of 2.95% in 24 hours.
- In the last 24 hours, Bitcoin has been priced between $34,430 and $36,409.
- On the hourly price chart, the bitcoin price exceeded the 10-hour and 50-hour moving averages.
By midnight, the price of bitcoins continued to decline, dropping to $33,430 each. Just 24 hours ago, it rose to $36,694, but it was down $3,300. As of 10 a.m., Bitcoin is trading at $35,138.
“Bitcoin will continue to weaken and fall to a maximum of $30,000,” said Constantine Kogan’s partner at cryptocurrency investment firm Wave Financial.
“At the $30,000 level, investors will start buying aggressively. Failure to defend the price at this point could hit the $26,000 mark. Bank of America’s survey shows that in recent years, long-term bitcoin investors are the busiest in the trading market, which is why.”
Kogan then explained that yesterday’s price decline was due to the influence of the derivatives market. In other words, the liquidation of long-term derivatives was concentrated, leading to a decline in the price of Bitcoin. In fact, on the 19th, a total long-term order amounting to $121 million was liquidated. The liquidation of the derivatives market is the same concept as the margin call of the cryptocurrency market.
Even on the 10th, the largest liquidation in the last three months, the price of Bitcoin plummeted to $3,300. On this day, a whopping $500 million long-term order was liquidated on Binance alone.
However, Xnes’ market analyst Michael Stark predicted that “the dollar will continue to flow into the bitcoin market as large institutional investors look to risky assets such as securities and cryptocurrencies rather than safe assets such as gold.”
“Bitcoin price will eventually continue to rise. But you need to take a breath.”
US President Joe Biden took office yesterday. Accordingly, as it is expected to introduce a series of new policies, including economic stimulus measures, investors are expecting the dollar liquidity to increase and the price of cryptocurrency to rise. Currently, the bitcoin market continues to be’burned’. Just a month ago, the price of bitcoin was below $25,000.
But Joshua Mahoney, a senior analyst at cryptocurrency trading platform IG, drew the line that “there is nothing for sure.” “The biggest issue in the Bitcoin market right now is whether the US Congress will be politically divided. President Biden is hoping that Democrats will give power to the stimulus package.”
Ether option market clears preference for call options
Ether (ETH), the second largest cryptocurrency market capitalization, traded at 10 o’clock this morning for $1364 each. This is a decrease of 2.83% in 24 hours.
The price of Ether was also not as good as Bitcoin, but it fell slightly. Yesterday, the ether market had a clear preference for call options. Currently, the proportion of call options and put options in the Ether market is 66% and 34%, respectively, and the proportion of call options is overwhelmingly high.
A call option is a right to buy an asset at a fixed price and time, and a put option is a right to sell an asset at a fixed price and time, so neither is obligatory.
“The bitcoin market is on the decline, but the Ether market is expected to rise further soon,” said Wave Financial’s Cogan. “This is what Ether option traders agree with.”
“The decline in Ether prices did not follow Bitcoin’s train. This shows Ether’s own power. Ether prices will drop to $1300 within a day or two, then rise again and rise rapidly to $1800.”
Other market trends
Most of the major cryptocurrency prices included in CoinDesk 20 have fallen.
Increase
- Algoland rose 0.44%
- Chainlink (LINK) increased by 0.10%
degradation
- Litecoin (LTC) 7% decline
- Bitcoin Cash (BCH) fell 5.3%
- Cosmos (ATOM) fell 5.3%
Stock market
- Japan’s Nikkei 225 Index Falls 0.38%-US Treasury Minister Janet Yellen announces that stimulus measures will be a top priority, raising investor expectations
- Europe FTSE100 rises 0.41%-Investors hope there will be no political upheaval as Joe Biden watches US presidential inauguration
- US S&P500 Index rose 1.5%-Joe Biden inaugurated as the 47th President of the United States, increased Netflix growth indicators and 17% stock repurchase gains
Commodity market
- West Texas heavy oil rose 0.41% to $53.21 per barrel
- Gold price, up 1.6%, $1869 per ounce
Government bonds
- 10-year Treasury bond yield rose 0.77%, 1.082%
· Translated by NewsPeppermint.
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