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3 Indicators Show Traders Are Bullish on Friday’s Bitcoin Futures Expiry


3 Indicators Show Traders Are Bullish on Friday’s Bitcoin Futures Expiry

Investors are magnetically attracted by the $1.1 billion Bitcoin and Ether options expiry scheduled to occur Friday, June 26, but they might be missing some relevant indicators of the futures contracts. June 26 will also be the last trading day for many weekly and monthly Bitcoin (BTC) futures totaling $665 million at the time of writing. For futures participants, longs (buyers) and shorts (sellers) are always balanced; hence no price impact can be inferred. Despite this, some more nuanced indicators are providing telling signals of professional traders' sentiment. The June 22 $300 pump to $9,700 could have been a small indicator of the upcoming trend, and the longer-term futures contracts premium tells a similar story. This is measured by comparing the July versus June contract price 1-month premium and the September versus June 3-month premium. Some exchanges provide additional data, either by analyzing top traders positions or by consolidating clients' net exposure on swaps, futures, and spot positions. Currently, both Binance and OKEx are displaying similar bullish data, indicating that professional traders are skewed bullish. Read More...



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