IBIT and ETHA February bullish options have taken a 50% profit, with the trigger point exactly at the test of the 50-day moving average—this upward attempt also cleared a short-term accumulation of short positions.
Currently, there is significant premium pressure in the exchanges, and it is expected that this force will weaken after the New York close. All spot positions are still held.
This wave of market movement not only confirms technical support but also reflects the market's pricing expectations for premiums. In the short term, it is worth paying attention to changes in exchange sentiment.
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ApeWithNoFear
· 01-08 16:03
The 50-day moving average just triggered a short position closure. That's a pretty slick move.
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ImpermanentTherapist
· 01-06 17:38
Is the 50-day moving average so tightly held? The bears are directly wiped out, it seems the bulls are still making moves. The premium pressure before the New York close is indeed a bit fierce, but it's also quite interesting to observe.
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JustHereForMemes
· 01-06 00:53
The 50-day moving average directly bottomed out the bears, this move was indeed comfortable.
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MEVictim
· 01-06 00:52
The 50-day moving average is really accurate; the bears have been cleared, but we still have to keep an eye on the exchange's stance.
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GasFeeTherapist
· 01-06 00:41
The 50-day moving average clears out the bears with just one test; this rhythm is incredible, a bit too smooth.
BTC and IBIT Trading Snapshot
IBIT and ETHA February bullish options have taken a 50% profit, with the trigger point exactly at the test of the 50-day moving average—this upward attempt also cleared a short-term accumulation of short positions.
Currently, there is significant premium pressure in the exchanges, and it is expected that this force will weaken after the New York close. All spot positions are still held.
This wave of market movement not only confirms technical support but also reflects the market's pricing expectations for premiums. In the short term, it is worth paying attention to changes in exchange sentiment.