By James Hunt Bitcoin traded near $82,000 on Thursday, with analysts at QCP expecting a fourth-quarter range of $80,000 to $90,000. Source:: Bitcoin pulls back as analysts forecast $80,000-$90,000 Q4 trading range
Tag: QCP
By Wayne Jones Bitcoin (BTC) is hovering near $80,000 with a $6.36 billion Deribit options expiry due today. With roughly 81,000 contracts set to expire and max pain at $69,000, the setup could leave the OG cryptocurrency vulnerable to large moves as traders close, roll or hedge positions. Bitcoin Options Expiration Puts $6.36B at the […]
By Mandy Williams Bitcoin’s latest rally appears to be driven partly by short covering rather than fresh leveraged positions, according to QCP Research. Open interest has fallen as BTC advanced, while strong spot ETF inflows have provided additional demand, the firm noted. Spot demand is also strengthening, with QCP noting that ETF inflows are nearing […]