And the Big Day Has Arrived: The Anticipated News for XRP and Dogecoin Tomorrow

The post Crypto News: Market Faces $5.6B Options Expiry Post Hawkish Jerome Powell Jitters appeared on BitcoinEthereumNews.com. Bitcoin, Ethereum, and XRP traders brace for $5.6 billion in crypto options expiry. The expiry follows the Federal Reserve Chair Jerome Powell speech that gave no guidance for investors, keeping the crypto market volatile and uncertain. Crypto prices dipped as the US dollar and the 10-year Treasury yield rose amid economic growth concerns due to the prolonged U.S. government shutdown. Will the market cap slip under $4 trillion again amid massive crypto liquidations? Crypto News: $4.6 Billion Bitcoin Options Expiry More than 38K BTC options with a notional value of $4.6 billion to expire on the largest derivatives crypto exchange Deribit on October 10. The put-call ratio was 1.1. This indicated that traders were leaning bearish, placing more put options bets as compared to calls after the latest crypto market crash. Moreover, the max pain price was at $118,000, significantly lower than the current market price. This implied only a slight chance of a pullback in BTC price towards the max pain, with high calls at $120,000 and $121,000 strike prices. In addition, the 24-hour call volume was higher than the 24-hour put volume. Also, the put-call ratio of 0.87 indicated that traders were cautiously buying calls options amid neutral sentiment. Bitcoin Options Open Interest | Source: Deribit As per Greekslive, major participants were focusing on out-of-the-money call options and strike prices close to their recent historical highs. Options open interest below $120,000 are relatively scarce, and the overall market maker gamma level is still low, signaling limited impact from minor price fluctuations. Bitcoin price was trading 2% lower at around $120,800 at the time of writing. The 24-hour low and high were $120,798 and $124,167, respectively. Ethereum Options with $0.93 Billion in Notional Value to Expire In Ethereum crypto news, 215K ETH options with a notional value of almost…

On-chain analytics indicate that insiders are starting to sell YEPE, which prominent trader James Wynn promoted. Memecoin season, especially on BNB, seems to be coming back. But with it, there’s also an explosion of questionable projects. On Thursday, October 9,…

Chainalysis reports $75 billion in seizable crypto on public blockchains. The estimate covers funds linked to illicit crypto activity. It arrives while US Bitcoin Reserve discussions continue. The split includes about $15 billion at illicit entities. It also includes over $60 billion held in wallets with downstream exposure. Chainalysis says the totals rely on entity […] The post $75B Seizable Crypto Exposed: Chainalysis Data Collides With US Bitcoin Reserve appeared first on CoinChapter.