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

  • Cointime April 21th News Express

    1.An Ethereum pre-mining address that has been dormant for 8.7 years has been activated, containing 197 ETH 2.Bitcoin block reward halving sparks bullish and skeptical opinion split3.A whale withdrew another 10,119 ETH from Binance4.MtGox claims form updated, may support compensation payment in BTC and BCH5.ZKasino transfers the 10,515 ETH deposited by the user to a multi-signature address and deposits it into Lido 6.Pre-Rune concept NFT Rune Doors is the project party for the deployment of Rune No. 97.More than 11,000 BTC flowed out of Coinbase Pro in the past 7 days8.Solana Ecosystem NFT Social Platform Only1 Completes $1.3 Million Strategic Financing, Led by Newman Group 9.friend.tech: V2 version has completed the audit and will be released on April 2910.Bitwise CEO: Wealth Manager Will Increase Its Bitcoin ETF Holdings
  • Cointime April 20th News Express

    1. Ordinals’ cumulative fee income exceeds 6,700 BTC, an increase of approximately $80 million in the past three days
  • CZ: Bitcoin halving is different from stock split, happy halving

    CZ wrote on X platform that Bitcoin halving is different from stock splitting. The fact that people are asking such questions shows that we are still in the early stages. He then attached a picture to explain his views on what might happen before and after the Bitcoin halving in 2023, and said "happy halving!"
  • Elon Musk: Accounts involved in farming activities will be frozen, including directing users to forward, comment and like posts

    Elon Musk posted on X platform stating that all accounts involved in farming activities will be frozen and tracked. DogeDesigner provided a detailed explanation, stating that farming activities include guiding users to like, share, or comment on posts to receive rewards; joining groups and commenting on each other's posts; and guiding users to @ other related accounts.
  • Chairman of the Russian State Duma Financial Market Committee: Digital financial assets may replace legal tender for international payments

    Anatoly Aksakov, Chairman of the Financial Market Committee of the State Duma of Russia, stated that digital financial assets issued by institutions regulated by the central bank can replace legal channels for international settlements. Aksakov also acknowledged that although digital assets are not controlled in this usage, they have been used for international payment settlements.
  • Insider: CZ giving up voting control of Binance FZE is the final step to obtain Dubai VASP license

    Binance recently obtained a comprehensive cryptocurrency license in Dubai, which is the result the company has been seeking for a long time. The condition is that Binance co-founder Zhao Changpeng (CZ) agrees to relinquish voting control over the local entity. Binance CEO Richard Teng confirmed the news in an interview on Thursday.
  • IMF report: BTC has become a necessary financial tool to preserve wealth in times of financial instability

    A new report from the International Monetary Fund (IMF) shows that BTC is becoming an increasingly important channel for cross-border capital flows amid global financial instability. According to the IMF, residents of countries with strict financial regulations are turning to Bitcoin to transfer capital more freely across borders. The report highlights the large trading volumes from countries such as Argentina and Venezuela, whose citizens face rampant inflation and strict financial controls. In these regions, Bitcoin has become a necessary financial tool for preserving wealth and accessing global markets, rather than just a speculative investment. The report's authors state that Bitcoin transactions provide individuals in high inflation countries with a stable savings option and a way to participate in global commerce that their local currency cannot achieve.
  • Fed's Kashkari: Rate cuts may have to wait until 2025

    Kashkari of the Federal Reserve stated that the resilience of the US housing market surprised him; once inflation continues to fall back to 2%, we can lower interest rates; we need to be patient and wait until we are sure that inflation is declining; it may be necessary to wait until 2025 to lower interest rates; as political heat rises, the Federal Reserve is more focused on its own mission.
  • Bitcoin Valuation by Savings Adoption

    A mid-term approach to price modelling Bitcoin is something entirely new, something never before observed. Because of this, many of the trusted tools in our financial toolkits might simply not do a very good job of modelling its performance, and it’s causing apprehension among analysts who are used to deploying certain modelling tools to make sense of asset pricing.
  • Inflation remains sticky, Powell hints at delaying rate cuts

    Federal Reserve Chairman Powell said that recent inflation data suggests that the central bank may need more time to gain confidence in cutting interest rates. Powell pointed out that there has been no further progress in inflation after experiencing a rapid decline at the end of last year. He said that as long as there is a need, the Fed can maintain stable interest rates if price pressures persist. He stated that given the strong labor market and the progress made in inflation so far, it would be appropriate for the Fed to allow restrictive policies more time to take effect, guided by data and changing prospects.