The BitMEX stock exchange for more than $1 billion worth of bitcoin options are open, ” according to a new statistic is available to Decrypt the message. It is a signal that it is in the derivatenbeurs traders with more money to gamble on a higher bitcoin price.
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Bitcoin options
As a trader you can be in the BitMEX with the use of borrowed money to make an increase or decrease in price (long or short, red), and in doing so, a leverage of up to one hundred times the initial investment apply for.
BitMEX offers a so called option contracts on the handelspaar XBT/USD (XBT) is an international, ISO certified-an abbreviation of bitcoin is that, some stock markets use red).
Each contract is a dollar worth in the XBT. As the market turns around at the millions of options available. This service is only directed to professionals and not beginners, as the risks are great.
The open interest is more than $1 billion, this means that the amount of trading positions outstanding. In a nutshell, the traders have made the past few days and have more money and gamble on a higher bitcoin price.
For the past few days, this is the amount by more than $250 million, is increased, so that the exposure of bitcoin has grown over.
The current level is still lower than the peak of $1,22 billion, on the 10th of July. On the day of the period, the price in the spot market in the range of $12,800, and $13,000 worth.
Koersbeeld
At the time of writing the price is at $10.400 and with the current koersbeeld is uncertain. The Bulls and bears are keeping each other in terms of buy and sell signals good balance.
The volume, however, is relative, as in the following chart.
BTC is at $10.900 hard to be rejected, but it will remain to be stable above $10,000, so it concludes that Kristin is today in technical analysis.
He says, in part:
In the direction of $10,000, we’ve seen a few of the weaker support levels are likely to be quickly broken, can be used. Everything seems to be so on the basis of the TA is to point out that the price will go down lower and a new low could look like.
However, in the next few weeks are filled with positive news and Bakkt. What could provide a new boost to the share price and, therefore, all the TA can revoke.
The market has BitMEX is the futuremarkt firmly in his hands. Also, Binance is more robust in this market is stirring, and has recently trader to JEX about. What will the next few years?
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