Crypto option activity dictating spot movements
Fri, Jan 14, 2022 10:05 PM

Crypto option activity dictating spot movements

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The Singapore-based crypto fund, QCP Capital, wrote in a Telegram note that the newfound strength of the crypto options market prevented bitcoin from bottoming out below $40,000. They spoke about the correlation between equities and crypto which only becomes more important. The reason the resistance of BTC is at $44k is that some whales might be taking profit on their $42k January call.

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