Crypto Traders Brace for BTC, ETH Options Expiry, PCE Inflation Data

Quick Summary:

The Bitcoin (BTC) price has been showing major strength ahead of the Friday options expiry surging past $65,000 levels for the first time since August 1.A total of $5.8 billion BTC options are set to expire today along with the PCE inflation data release for the month of August.

With the quarterly delivery bringing shifts in positions and releasing margins, implied volatility (IV) across major contracts remains low.

Thus, bulls need to defend this level for the Bitcoin price rally to continue.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaJapan

Topics: PCE inflation Bitcoin Options Ethereum options 24/7 Cryptocurrency News Bitcoin options expiry Bitcoin (BTC) Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 08:00:14 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22748097

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 21 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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