Asadghafoorjami
Open Trade
2.8 Years
My personality is like fire, and some people can’t handle it.
15 Following
36 Followers
51 Liked
9 Shared
Posts
Quotes
#TrumpVsMusk
New information and just watch time and open your Binance, you will get $10 free, so do not miss Binance on notification.
#MyCOSTrade
#MarketPullback
#BinanceAlphaAlert
#TrumpTariffs
$ETH
$BNB
$SOL
New information and just watch time and open your Binance, you will get $10 free, so do not miss Binance on notification.
#MyCOSTrade
#MarketPullback
#BinanceAlphaAlert
#TrumpTariffs
$ETH
$BNB
$SOL
#TRXETF Unlocking TRX’s Potential: The First Staked TRX ETF Lands
---
Justin Sun Greenlights First‑Ever Staked TRX ETF: Yield + Spot Exposure Combined! 🚀
Summary
Justin Sun has officially confirmed that Canary Capital filed a Form S‑1 for the first U.S. spot TRX ETF offering a 4.5 % staking yield—marking a potential milestone in crypto ETFs. This post breaks down what happened, why it matters, and how you can stay in the loop on this and other trending altcoin ETFs. 📝✨
---
What Happened?
Canary Capital’s Historic Form S‑1 Filing
Canary Capital submitted a registration statement (Form S‑1) with the SEC for a “Canary Staked TRX ETF,” aiming to track TRX’s spot price while staking a portion of holdings for added yield .
Justin Sun’s Announcement
Justin Sun, founder of Tron, shared the link to Canary’s S‑1 on X with his 3.8 million followers, confirming the long‑rumored spot TRX ETF proposal—and making it the first ETF in the U.S. to request staking rewards from launch .
---
Why It Matters
Dual Benefit: Yield Meets Exposure
Investors could gain passive TRX price exposure and earn an estimated 4.5 % annual yield through staking rewards—something the SEC has never greenlit in a crypto ETF before .
Regulatory Significance
This filing tests the SEC’s evolving stance on staking within regulated products. Whereas Grayscale’s ETH staking request remains under review, Canary’s application jumps straight to staking from day one .
#Write2Earn
---
Justin Sun Greenlights First‑Ever Staked TRX ETF: Yield + Spot Exposure Combined! 🚀
Summary
Justin Sun has officially confirmed that Canary Capital filed a Form S‑1 for the first U.S. spot TRX ETF offering a 4.5 % staking yield—marking a potential milestone in crypto ETFs. This post breaks down what happened, why it matters, and how you can stay in the loop on this and other trending altcoin ETFs. 📝✨
---
What Happened?
Canary Capital’s Historic Form S‑1 Filing
Canary Capital submitted a registration statement (Form S‑1) with the SEC for a “Canary Staked TRX ETF,” aiming to track TRX’s spot price while staking a portion of holdings for added yield .
Justin Sun’s Announcement
Justin Sun, founder of Tron, shared the link to Canary’s S‑1 on X with his 3.8 million followers, confirming the long‑rumored spot TRX ETF proposal—and making it the first ETF in the U.S. to request staking rewards from launch .
---
Why It Matters
Dual Benefit: Yield Meets Exposure
Investors could gain passive TRX price exposure and earn an estimated 4.5 % annual yield through staking rewards—something the SEC has never greenlit in a crypto ETF before .
Regulatory Significance
This filing tests the SEC’s evolving stance on staking within regulated products. Whereas Grayscale’s ETH staking request remains under review, Canary’s application jumps straight to staking from day one .
#Write2Earn
🌟👉Here are the top six🔥 ways to earn free cryptocurrency💸 on Binance in 2024🌟:
1. **Binance Earn**:
- **Savings**: Deposit your crypto in flexible or locked savings accounts to earn interest.
- **Staking**: Stake certain cryptocurrencies to earn rewards.
- **Launchpool**: Stake your BNB, BUSD, or other tokens to farm new tokens for free.
2. **Binance Referral Program**:
- Invite friends to join Binance using your referral link and earn a commission on their trading fees.
3. **Binance Learn and Earn**:
- Participate in educational activities and quizzes to earn free crypto by learning about new blockchain projects.
4. **Binance Airdrops**:
- Occasionally, Binance distributes free tokens to users based on specific criteria such as holding certain cryptocurrencies.
5. **Binance Cashback Programs**:
- Use the Binance Visa Card to earn cashback in the form of cryptocurrency on your purchases.
6. **Binance Promotions and Competitions**:
- Participate in various promotions, trading competitions, and challenges organized by Binance to win crypto rewards.
Each of these methods provides a different way to earn free cryptocurrency by engaging with Binance's ecosystem.
#EarnFreeCrypto2024 #binanceairdrop #Airdrops_free
1. **Binance Earn**:
- **Savings**: Deposit your crypto in flexible or locked savings accounts to earn interest.
- **Staking**: Stake certain cryptocurrencies to earn rewards.
- **Launchpool**: Stake your BNB, BUSD, or other tokens to farm new tokens for free.
2. **Binance Referral Program**:
- Invite friends to join Binance using your referral link and earn a commission on their trading fees.
3. **Binance Learn and Earn**:
- Participate in educational activities and quizzes to earn free crypto by learning about new blockchain projects.
4. **Binance Airdrops**:
- Occasionally, Binance distributes free tokens to users based on specific criteria such as holding certain cryptocurrencies.
5. **Binance Cashback Programs**:
- Use the Binance Visa Card to earn cashback in the form of cryptocurrency on your purchases.
6. **Binance Promotions and Competitions**:
- Participate in various promotions, trading competitions, and challenges organized by Binance to win crypto rewards.
Each of these methods provides a different way to earn free cryptocurrency by engaging with Binance's ecosystem.
#EarnFreeCrypto2024 #binanceairdrop #Airdrops_free
Claim Free PEPE on Binance 💰
🪙 How to Claim:
1. Click the link above.
2. Log in to your Binance account (KYC must be completed).
3. Click the "Claim" button once every 24 hours.
4. After claiming, the reward will appear in your Rewards Hub > My Vouchers within 12–30 hours.
5. Redeem the voucher to receive 1000 PEPE tokens directly into your wallet.
f you're still not able to claim, then please like and comment on the post.
🪙 How to Claim:
1. Click the link above.
2. Log in to your Binance account (KYC must be completed).
3. Click the "Claim" button once every 24 hours.
4. After claiming, the reward will appear in your Rewards Hub > My Vouchers within 12–30 hours.
5. Redeem the voucher to receive 1000 PEPE tokens directly into your wallet.
f you're still not able to claim, then please like and comment on the post.
Today's PNL
2025-04-21
+$0.04
+2.27%
Binance Market Update: Crypto Market Trends | April 18, 2025
According to CoinMarketCap data, the global crypto market cap is $2.66T, a 0.05% decrease over the last day.Bitcoin (BTC) traded between $83,736 and $85,470 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $84,561, up by 0.22%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include T, MEME, and CHESS, up by 43%, 40%, and 29%, respectively.Top stories of the day:Binance Dominates Q1 2025 With $2.2 Trillion in Spot Trading Volume, Boosts Market Share to 40.7%Binance CEO Richard Teng: “Sharia-Compliant Products Are on Our Radar — Financial Freedom Includes Everyone”U.S. Bitcoin Reserve Predicted to Have 52% Chance by 2025Arizona's Crypto Reserve Bill Nears Final Approval Amid Legislative Challenges Federal Reserve's May Rate Decision: Probabilities AnalyzedMarket Volatility Persists Amid Trade and Tariff UncertaintyARK Invest Adjusts Portfolio with Bitcoin and Solana ETF TransactionsU.S. Jobless Claims Fall Below Expectations Amid Economic UncertaintySEC to Host Cryptocurrency Custody Roundtable in April U.S.-China Tariff Dispute Nearing Resolution, Says TrumpMarket movers:ETH: $1587.56 (-0.36%)XRP: $2.0761 (-0.66%)BNB: $588.87 (+0.61%)SOL: $134.7 (+1.20%)DOGE: $0.15536 (-0.38%)ADA: $0.6159 (+0.06%)TRX: $0.2453 (+0.08%)WBTC: $84541.11 (+0.21%)LINK: $12.65 (+1.69%)AVAX: $19.17 (-0.26%)
$BTC $ETH $SOL
According to CoinMarketCap data, the global crypto market cap is $2.66T, a 0.05% decrease over the last day.Bitcoin (BTC) traded between $83,736 and $85,470 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $84,561, up by 0.22%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include T, MEME, and CHESS, up by 43%, 40%, and 29%, respectively.Top stories of the day:Binance Dominates Q1 2025 With $2.2 Trillion in Spot Trading Volume, Boosts Market Share to 40.7%Binance CEO Richard Teng: “Sharia-Compliant Products Are on Our Radar — Financial Freedom Includes Everyone”U.S. Bitcoin Reserve Predicted to Have 52% Chance by 2025Arizona's Crypto Reserve Bill Nears Final Approval Amid Legislative Challenges Federal Reserve's May Rate Decision: Probabilities AnalyzedMarket Volatility Persists Amid Trade and Tariff UncertaintyARK Invest Adjusts Portfolio with Bitcoin and Solana ETF TransactionsU.S. Jobless Claims Fall Below Expectations Amid Economic UncertaintySEC to Host Cryptocurrency Custody Roundtable in April U.S.-China Tariff Dispute Nearing Resolution, Says TrumpMarket movers:ETH: $1587.56 (-0.36%)XRP: $2.0761 (-0.66%)BNB: $588.87 (+0.61%)SOL: $134.7 (+1.20%)DOGE: $0.15536 (-0.38%)ADA: $0.6159 (+0.06%)TRX: $0.2453 (+0.08%)WBTC: $84541.11 (+0.21%)LINK: $12.65 (+1.69%)AVAX: $19.17 (-0.26%)
$BTC $ETH $SOL
I’ve completed today’s Binance Word of the Day challenge!
Have you completed yours yet? Don’t miss it – it's quick and fun!
Click here to complete your today chalnge
#WORDOFTHEDAY_Binance
$BTC $BNB
Have you completed yours yet? Don’t miss it – it's quick and fun!
Click here to complete your today chalnge
#WORDOFTHEDAY_Binance
$BTC $BNB
How to Earn $10–$100 USDT Daily on Binance Without Any Investment
How to Earn $10–$100 USDT Daily on Binance Without Any Investment
Earning a steady income on Binance without an initial investment might sound too good to be true, but it's entirely possible. Binance, one of the largest cryptocurrency exchanges in the world, offers several ways to make money without spending your own funds. Here’s how you can earn between $10 and $100 USDT per day on Binance without any upfront investment.
1. Binance Referral Program
Binance rewards users for referring new traders to the platform. When someone signs up using your referral link and starts trading, you earn a percentage of their trading fees. The more active traders you refer, the higher your earnings—some top referrers make hundreds of dollars per day using this method.
2. Learn & Earn Program
Binance’s Learn & Earn program allows you to earn free crypto by completing educational courses on blockchain and cryptocurrency. Simply watch lessons, take quizzes, and receive rewards in USDT or other tokens. This is a great way to grow your knowledge while earning passive income.
3. Airdrops and Promotions
Binance frequently offers airdrops and promotional events where users can earn free crypto for simple tasks like signing up for newsletters, sharing social media posts, or holding specific tokens. Staying updated on Binance’s announcements and social media ensures you don’t miss out on these opportunities.
4. Arbitrage Trading on Binance P2P
The Peer-to-Peer (P2P) trading platform on Binance allows users to buy and sell crypto directly with others. By spotting price differences across regions or payment methods, you can engage in arbitrage trading—buying at a lower price and selling at a higher one. With careful strategy and research, you can generate daily profits without an initial investment.
5. Completing Tasks & Challenges
Binance regularly runs task-based events and competitions that reward users for activities like staking, participating in trading competitions, or engaging with the Binance community. Checking Binance’s event section frequently helps you.
Final Thoughts
Earning $10–$100 USDT daily on Binance without investing your own money requires effort, but it’s definitely achievable. By leveraging Binance’s referral program, promotions, and strategic arbitrage trading, you can start building a reliable income stream. Stay updated on Binance’s latest events and opportunities to maximize your earnings.
#Write2Earn
#Binance
$USDC
Earning a steady income on Binance without an initial investment might sound too good to be true, but it's entirely possible. Binance, one of the largest cryptocurrency exchanges in the world, offers several ways to make money without spending your own funds. Here’s how you can earn between $10 and $100 USDT per day on Binance without any upfront investment.
1. Binance Referral Program
Binance rewards users for referring new traders to the platform. When someone signs up using your referral link and starts trading, you earn a percentage of their trading fees. The more active traders you refer, the higher your earnings—some top referrers make hundreds of dollars per day using this method.
2. Learn & Earn Program
Binance’s Learn & Earn program allows you to earn free crypto by completing educational courses on blockchain and cryptocurrency. Simply watch lessons, take quizzes, and receive rewards in USDT or other tokens. This is a great way to grow your knowledge while earning passive income.
3. Airdrops and Promotions
Binance frequently offers airdrops and promotional events where users can earn free crypto for simple tasks like signing up for newsletters, sharing social media posts, or holding specific tokens. Staying updated on Binance’s announcements and social media ensures you don’t miss out on these opportunities.
4. Arbitrage Trading on Binance P2P
The Peer-to-Peer (P2P) trading platform on Binance allows users to buy and sell crypto directly with others. By spotting price differences across regions or payment methods, you can engage in arbitrage trading—buying at a lower price and selling at a higher one. With careful strategy and research, you can generate daily profits without an initial investment.
5. Completing Tasks & Challenges
Binance regularly runs task-based events and competitions that reward users for activities like staking, participating in trading competitions, or engaging with the Binance community. Checking Binance’s event section frequently helps you.
Final Thoughts
Earning $10–$100 USDT daily on Binance without investing your own money requires effort, but it’s definitely achievable. By leveraging Binance’s referral program, promotions, and strategic arbitrage trading, you can start building a reliable income stream. Stay updated on Binance’s latest events and opportunities to maximize your earnings.
#Write2Earn
#Binance
$USDC
Binance Content Writing (Write & Earn) – Earn $50 to $300 Per Week
If you enjoy writing, Binance offers rewards for creating crypto-related content such as articles and market analysis.
How to Earn:
✅ Write about Binance, crypto trading, or market updates
✅ Submit your articles to Binance Blog, Medium, or crypto websites
✅ Earn crypto rewards based on engagement and quality
🔹 Weekly Earnings Estimate:
Writers earn $50 to $300 per article
Publishing just one article per week can bring in a good income
If you enjoy writing, Binance offers rewards for creating crypto-related content such as articles and market analysis.
How to Earn:
✅ Write about Binance, crypto trading, or market updates
✅ Submit your articles to Binance Blog, Medium, or crypto websites
✅ Earn crypto rewards based on engagement and quality
🔹 Weekly Earnings Estimate:
Writers earn $50 to $300 per article
Publishing just one article per week can bring in a good income
Earning weekly on Binance without investment is 100% possible if you take advantage of these opportunities.
✅ Best way to start: Binance Learn & Earn + Task Center
✅ Best way for passive income: Binance Referral Program
✅ Most profitable: Content Writing + P2P Trading
🚀 Which method will you try first? Let me know in the comments!
#MarketPullback #dailyearnings #PassiveIncome #CryptoMarketWatch #Earn10DollarDaily
✅ Best way to start: Binance Learn & Earn + Task Center
✅ Best way for passive income: Binance Referral Program
✅ Most profitable: Content Writing + P2P Trading
🚀 Which method will you try first? Let me know in the comments!
#MarketPullback #dailyearnings #PassiveIncome #CryptoMarketWatch #Earn10DollarDaily
You don’t need a big investment to start earning on Binance. Whether it’s through referrals, learning, airdrops, quests, or staking, you can grow your crypto portfolio for free.
Ready to start earning, Sign up on Binance and put these strategies to work.
#writetoearn #Binance #PassiveIncome #CryptoEarnings
Ready to start earning, Sign up on Binance and put these strategies to work.
#writetoearn #Binance #PassiveIncome #CryptoEarnings
According to Odaily, user @mikealfred stated on the X platform that multiple sources have confirmed the Trump administration will make a significant announcement regarding digital asset taxation at tomorrow's summit. The announcement is expected to introduce new regulatory measures or plans that could have a profound impact on the digital asset industry. Further details will be revealed during the summit.
#USCryptoReserve Trump creates a Strategic Bitcoin Reserve one day ahead of White House crypto summit as part of criminal or civil asset forfeiture proceedings, according to the order.
“Bitcoin is the original cryptocurrency,” the order said. “Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve.”
The order also created a US Digital Asset Stockpile under the Treasury Department to manage other coins and assets. On Sunday, Trump posted on social media that he would direct the government to stockpile bitcoin, ethereum and three other tokens, which prompted backlash from the crypto industry.
In addition, the executive order directed a full accounting of the government’s digital assets holdings. David Sacks, the White House czar for AI and cryptocurrency, wrote on X that the government has about 200,000 bitcoin. Each Bitcoin is currently worth about $87,000, according to Coinmarketcap, putting the total estimated value of the reserve at around $17.5 billion.
The cryptocurrency industry has enjoyed an unprecedented seat at the table in Trump’s White House, in contrast to a harder line drawn by former President Joe Biden and his administration. On Friday, for example, the White House will hold its first-ever crypto summit.$BTC $XRP $BNB
“Bitcoin is the original cryptocurrency,” the order said. “Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve.”
The order also created a US Digital Asset Stockpile under the Treasury Department to manage other coins and assets. On Sunday, Trump posted on social media that he would direct the government to stockpile bitcoin, ethereum and three other tokens, which prompted backlash from the crypto industry.
In addition, the executive order directed a full accounting of the government’s digital assets holdings. David Sacks, the White House czar for AI and cryptocurrency, wrote on X that the government has about 200,000 bitcoin. Each Bitcoin is currently worth about $87,000, according to Coinmarketcap, putting the total estimated value of the reserve at around $17.5 billion.
The cryptocurrency industry has enjoyed an unprecedented seat at the table in Trump’s White House, in contrast to a harder line drawn by former President Joe Biden and his administration. On Friday, for example, the White House will hold its first-ever crypto summit.$BTC $XRP $BNB
See my returns and portfolio breakdown. Follow for investment tips
#Solana is a high-speed single-layer blockchain, currently supporting peak capacity of 65k transactions per second and 400ms block times using a network timestamp system called Proof-of-History ("PoH").
Core technical team comes from Qualcomm, a Fortune 500 chip manufacturer, where they managed projects such as Firefox OS and the BREW Operating System.
$SOL
Core technical team comes from Qualcomm, a Fortune 500 chip manufacturer, where they managed projects such as Firefox OS and the BREW Operating System.
$SOL
Heard of PEPE, DOGE & SHIB? What about BONK or ELON? Explore meme coins in the Binance App, where you can trade with just US$10.
Notice on New Trading Pairs & Trading Bots Services on Binance Spot - 2024-05-29
Fellow Binancians,
To expand the list of trading choices offered on Binance Spot and enhance users’ trading experience, Binance will open trading for the BTC/MXN, XRP/MXN, ENS/USDC and LDO/USDC trading pairs at 2024-05-29 15:00 (UTC).
Fellow Binancians,
To expand the list of trading choices offered on Binance Spot and enhance users’ trading experience, Binance will open trading for the BTC/MXN, XRP/MXN, ENS/USDC and LDO/USDC trading pairs at 2024-05-29 15:00 (UTC).
Participate in #EarnFreeCrypto2024 and win up to 500 FDUSD!
Dive into our #EarnFreeCrypto2024 campaign to seize a chance to win up to 500 FDUSD! 💰 Post an informative article on Binance Square, outlining your top 6 strategies for earning free cryptocurrency in 2024. Dive into techniques like airdrops, particularly highlighting Binance's Megadrop, tools like Binance Earn, Binance Learn and Earn, Binance Launchpool, Write2Earn on Binance Square, enticing referral programmes, and dynamic social media giveaways.
Campaign Period: 2024-05-24 00:00 to 2024-05-29 23:59 (UTC)
To Participate:
Craft an in-depth article on Binance Square, where you present your top strategies to earn free cryptocurrency. Deliver comprehensive insights into each method, elaborating on how users can actively participate. Your article can feature Binance’s products or campaigns, such as:
Binance MegadropBinance Earn Binance LaunchpoolBinance Learn and EarnWrite2Earn on Binance Square.
Make sure your article has a minimum length of 600 words.
Guidelines:
Make certain your shared content is original, filled with insightful information, and based on real incidents. Posts with high engagement lacking original content may be disqualified.
Winner Selection:
Five posts generating the most interaction will each be rewarded with 100 FDUSD.
Terms and Conditions:
This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules. Only content no shorter than 600 words will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.The content needs to be posted on Binance Square organically to qualify for the reward.Winners of the week will be notified within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign
#EarnFreeCrypto2024
Dive into our #EarnFreeCrypto2024 campaign to seize a chance to win up to 500 FDUSD! 💰 Post an informative article on Binance Square, outlining your top 6 strategies for earning free cryptocurrency in 2024. Dive into techniques like airdrops, particularly highlighting Binance's Megadrop, tools like Binance Earn, Binance Learn and Earn, Binance Launchpool, Write2Earn on Binance Square, enticing referral programmes, and dynamic social media giveaways.
Campaign Period: 2024-05-24 00:00 to 2024-05-29 23:59 (UTC)
To Participate:
Craft an in-depth article on Binance Square, where you present your top strategies to earn free cryptocurrency. Deliver comprehensive insights into each method, elaborating on how users can actively participate. Your article can feature Binance’s products or campaigns, such as:
Binance MegadropBinance Earn Binance LaunchpoolBinance Learn and EarnWrite2Earn on Binance Square.
Make sure your article has a minimum length of 600 words.
Guidelines:
Make certain your shared content is original, filled with insightful information, and based on real incidents. Posts with high engagement lacking original content may be disqualified.
Winner Selection:
Five posts generating the most interaction will each be rewarded with 100 FDUSD.
Terms and Conditions:
This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules. Only content no shorter than 600 words will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.The content needs to be posted on Binance Square organically to qualify for the reward.Winners of the week will be notified within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign
#EarnFreeCrypto2024
📢💥 Hey all $PEPE followers! 🚨 Big news alert! 🚨 A whale, starting with address 0x8376, pulled out 1.32 trillion PEPE from Binance in two days, worth about $18.2 million! 😮 Could this shake up $PEPE 's price? What do you think? Share your thoughts below! 🚀#FIT21 #EarnFreeCrypto2024 #EarnFreeCrypto2024 #FIT21 #BinanceLaunchpool $BNB $ETH
Will Crypto Markets March Higher When $1.4B Bitcoin Options Expire?
Trending
BTC
$69,112.91
+0.44%
ETH
$3,741.89
+0.28%
Crypto markets have largely held on to gains this week, buoyed by Ethereum and the US Securities and Exchange Commission’s approval of spot exchange-traded funds.
However, around $1.4 billion in notional value Bitcoin options contacts will expire on May 24.
The 21,000 contract expiry is a relatively small event compared to the month-end May 31 expiry which will see a whopping $4.3 billion worth of options expire, according to Deribit.
Bitcoin Options Expiry
The put/call ratio for this week’s Bitcoin options contracts is 0.88, which means that long and short-contract sellers are relatively evenly matched with slightly more calls expiring. The max pain point, or the price at which most option contract buyers lose their premium, is $67,000.
The longs are also dominating in open interest (OI) with around $830 million at the $70,000 strike price. Higher strike prices also have a lot of OI, with around $843 million at $100,000, according to Deribit.
The $60,000 strike price has the highest amount of OI for put contracts with $388 million. Open interest refers to the number or value of contracts that have yet to be settled, so the bulls expect much higher BTC prices.
Chart Bitcoin OI by expiry. Source: Deribit
In addition to today’s Bitcoin options there are around 354,000 Ethereum contracts expiring today. These have a notional value of $1.5 billion and a put/call ratio of 0.57 with more calls expiring than puts.
Derivatives traders have been speculating on ETH in the run-up to the long-awaited SEC deadline. There is around $515 million in OI at the $4,000 strike price as bulls expect more momentum.
“BTC pulled back as expected, compared to the very strong support for ETH’s price, with ETH’s current weekly weighted IV still exceeding 100%, while BTC’s current weekly IV is only 50%,” commented crypto derivatives software provider Greeks Live.
Crypto Market Impact
Almost $3 billion in BTC and ETH options will expire today..
Trending
BTC
$69,112.91
+0.44%
ETH
$3,741.89
+0.28%
Crypto markets have largely held on to gains this week, buoyed by Ethereum and the US Securities and Exchange Commission’s approval of spot exchange-traded funds.
However, around $1.4 billion in notional value Bitcoin options contacts will expire on May 24.
The 21,000 contract expiry is a relatively small event compared to the month-end May 31 expiry which will see a whopping $4.3 billion worth of options expire, according to Deribit.
Bitcoin Options Expiry
The put/call ratio for this week’s Bitcoin options contracts is 0.88, which means that long and short-contract sellers are relatively evenly matched with slightly more calls expiring. The max pain point, or the price at which most option contract buyers lose their premium, is $67,000.
The longs are also dominating in open interest (OI) with around $830 million at the $70,000 strike price. Higher strike prices also have a lot of OI, with around $843 million at $100,000, according to Deribit.
The $60,000 strike price has the highest amount of OI for put contracts with $388 million. Open interest refers to the number or value of contracts that have yet to be settled, so the bulls expect much higher BTC prices.
Chart Bitcoin OI by expiry. Source: Deribit
In addition to today’s Bitcoin options there are around 354,000 Ethereum contracts expiring today. These have a notional value of $1.5 billion and a put/call ratio of 0.57 with more calls expiring than puts.
Derivatives traders have been speculating on ETH in the run-up to the long-awaited SEC deadline. There is around $515 million in OI at the $4,000 strike price as bulls expect more momentum.
“BTC pulled back as expected, compared to the very strong support for ETH’s price, with ETH’s current weekly weighted IV still exceeding 100%, while BTC’s current weekly IV is only 50%,” commented crypto derivatives software provider Greeks Live.
Crypto Market Impact
Almost $3 billion in BTC and ETH options will expire today..
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