For those tracking capital flows, take note:
“BTC options open interest notional value on a certain exchange has hit a record high, reaching $33.04 billion.”
After the news broke, I had just three questions about the money:
1. Which way are aggressive buyers and sellers leaning?
2. Can trading volume for $BTC ( $1.85 billion over 24h) increase significantly?
3. Have any large players transferred substantial amounts to trading platforms?
Only if all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing gust.
What really determines the price is buying and selling pressure, not the news itself.
“BTC options open interest notional value on a certain exchange has hit a record high, reaching $33.04 billion.”
After the news broke, I had just three questions about the money:
1. Which way are aggressive buyers and sellers leaning?
2. Can trading volume for $BTC ( $1.85 billion over 24h) increase significantly?
3. Have any large players transferred substantial amounts to trading platforms?
Only if all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing gust.
What really determines the price is buying and selling pressure, not the news itself.