Cointime

Download App
iOS & Android

Crypto Options Market Makers Keep Bitcoin and Ether Rangebound

Bitcoin and ether have been experiencing a period of unusual calm for over two weeks, which is partly due to market makers in the crypto options market. Market makers are responsible for maintaining liquidity on an exchange by offering to buy or sell call/put option contracts at any given time. In recent weeks, investors have been shorting or writing call options, leaving market makers with long call positions or positive gamma. This has forced market makers to trade against the direction of spot prices to keep their books delta neutral, resulting in a narrow price range.

Comments

All Comments

Recommended for you

  • Nano Labs founder: The withdrawal of VASP license application by leading exchanges is not a good thing for the development of Web3 in Hong Kong

    Jack Kong, founder of Nano Labs, director of Hong Kong Cyberport Management Company Limited, and member of the third-generation Internet development team in Hong Kong, stated in a post on X platform that major exchanges have withdrawn their VASP (Virtual Asset Trading Platform) license applications from Hong Kong. This will not have a significant impact on these exchanges, but it is not good for the development of Web3 in Hong Kong. The US Securities and Exchange Commission has already followed the trend, and Hong Kong regulatory agencies must keep up. Otherwise, the difficulty of developing Web3 in Hong Kong will greatly increase. Of course, we still firmly believe in Hong Kong and will continue to express policies that are beneficial to Hong Kong's development.
  • British media: 61,000 Bitcoins in Qian Zhimin case may belong to British police and Home Office

    A court in London, UK, sentenced a British Chinese woman named Jian Wen to 6 years and 8 months in prison for assisting her employer in money laundering related to Bitcoin. The Financial Times reported that the UK's Crown Prosecution Service has initiated civil recovery proceedings in the High Court for the confiscated assets. If no one else claims ownership of the criminal assets, half will go to the UK police and half to the UK Home Office. Huang Feng, a professor at the G20 Anti-Corruption and Asset Recovery Research Center at Beijing Normal University, said that according to UK law, if a victim of the crime asserts a claim to the property, the UK court will suspend the civil recovery application made by UK law enforcement agencies to determine the ownership of the relevant property.
  • LayerZero: Witch Bounty application will soon reopen

    LayerZeroLabs tweeted that the Witch Bounty application will soon reopen, but a deposit will be required. Currently, a deposit mechanism is being implemented in the Witch Bounty report, which means that only addresses that provide a deposit are eligible to submit reports, and the deposit will be refunded after TGE if the report is submitted honestly or successfully. If there is any theft of others' achievements, any form of fraud, lack of methodology, spam, etc. in the report, the deposit will not be refunded and will be destroyed.
  • Hong Kong Securities and Futures Commission spokesperson: No comment on consideration of allowing Ethereum ETF collateral

    Bloomberg previously revealed that Hong Kong is considering allowing direct investment in Ethereum-based exchange-traded funds (ETFs) for staking. Sources revealed that the Hong Kong Securities and Futures Commission is discussing staking with virtual asset ETF issuers through licensed platforms. It is reported that the negotiations are ongoing, and there is no clear timetable, but a Hong Kong Securities and Futures Commission spokesperson has stated that they will not comment on this matter. Market analysts point out that if Ethereum ETFs are added with staking functionality, they will become interest-bearing assets, which will be a milestone. If approved, the staking yield is expected to further boost demand for Hong Kong spot virtual currency ETFs.
  • The Uniswap Foundation plans to launch an on-chain vote at the end of this month to reward UNI holders who have staked and delegated tokens

    The Uniswap Foundation announced on the X platform that it will launch on-chain voting on May 31 to upgrade the protocol so that its fee mechanism can reward UNI token holders who have staked and delegated their tokens. Users who participate in this proposal must delegate UNI to themselves or a third party before the start of the vote.
  • VAEX’s application for a Hong Kong virtual asset trading platform license was withdrawn on May 24

    Updated data on the website of the Hong Kong Securities and Futures Commission shows that VAEX's application for a virtual asset trading platform license, submitted to the Hong Kong Securities and Futures Commission, was withdrawn on May 24th.
  • Grayscale: Stacks Trust helps introduce DApps into the Bitcoin ecosystem and increase institutional interest

    Grayscale announced the creation of Stacks and Near trusts yesterday, marking the first time Grayscale has created a new cryptocurrency trust since 2024. Grayscale stated that Stacks will help bring smart contracts and decentralized applications (dApps) to the Bitcoin ecosystem, which will increase institutional interest.
  • Bill to ban Fed from issuing CBDC passes House of Representatives

    The bill to prohibit the issuance of CBDC by the Federal Reserve has been passed in the House of Representatives, as reported by Bitcoin Magazine.
  • An address mistakenly transferred about $7,000 in BTC to Satoshi Nakamoto’s wallet

    According to Arkham monitoring, someone accidentally sent 90% of their BTC assets to Satoshi Nakamoto's wallet address last night. They were trying to swap Ordinal for PupsToken, but ended up sending almost their entire wallet balance - about $7,000 worth of BTC.
  • Cointime May 12 News Express

    1.The number of Bittensor subnets for the AI ​​project will increase to 64, and 1024 subnets will be achieved this year2.Trader predicts Bitcoin price will reach $350,0003.vladilena.eth redeemed 1930 weETH from Zircult, suspected of selling4.Solana’s on-chain DEX transaction volume yesterday exceeded the sum of five chains including Ethereum, BSC, and Arbitrum5.RSS3 VSL locked-in amount surged in the past two days and is close to 200 million US dollars 6.The transaction volume of Club Key on friend.tech platform exceeded 1 million7.Lido has paid out more than 516,000 ETH in staking rewards, equivalent to approximately $1.51 billion8.1,000 BTC transferred from TronDAO to an unknown new wallet9.Report: Justin Sun deposited 120,000 eETH into Swell L2, worth $376 million10.1707.36 BTC have flowed out of Binance in the past 7 days