#ReboundRally

Bitcoin Lull Could Spur Altcoin Rally, With $90K Considered 'Attractive' Buying Area: Coindesk High volatility can be good for option buyers because it increases the chance that the option will be "in-the-money" (profitable) at some point before expiry - creating profit for buyers. ✓ Traders expect bitcoin (BTC) choppiness to continue with a possible rotation to altcoins. ✓ Bitcoin is currently going through one of its worst December months so far, dampening a seasonally bullish period with a 2% drop over the past 30 days. ✓ But a drop to the $90,000 level could spell renewed opportunity for market traders. Traders expect bitcoin (BTC) choppiness to continue with a possible rotation to altcoins, as a major options expiry weighs on market dynamics in the festive week ahead. "All eyes are on the massive expiry this Friday, where almost $20B notional across BTC and ETH options will expire," Singapore-based QCP Capital said in a broadcast message early Tuesday. "This represents almost half the total OI on Deribit. We believe it's quite possible especially if spot continues to range here and as option sellers continue to roll their shorts out.