Bitcoin is likely to see a small drop to 55k and in most extreme scenario around 49k.
This move will bring a necessary reset to Perpetual Swaps and Funding rates as well as a small flush of the premiums in the Futures market as December is currently trading in contango at 22% premium.
Options by the end of the month show significant interest around 80k and some bears expect under 60k. Chances are we end up above 64k by EOM.
This move will bring a necessary reset to Perpetual Swaps and Funding rates as well as a small flush of the premiums in the Futures market as December is currently trading in contango at 22% premium.
Options by the end of the month show significant interest around 80k and some bears expect under 60k. Chances are we end up above 64k by EOM.
D7R
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