Words are just words, so there’s no loss from being excessively bullish or bearish, but in options markets there’s a cost for placing those bets.
Analysts and pundits quickly issue their $100,000 targets after Bitcoin posts its highest monthly close ever.
Still, with 50 days till year-end, maybe some of those prophecies will turn out true, but the majority remains no better than random numbers.
Huobi Global announced on Tuesday that it would shut down accounts of all Singapore-based users by the end of March 2022.
There is no value in a right to sell Bitcoin at $58,000 or $62,000 if it’s trading above that price.
For instance, a trader could have sold a put option, effectively gaining a positive exposure to Bitcoin above a specific price.
One factor that may have been partially responsible for that move was the absence of an adverse price impact after the $1 trillion U.S.