Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Top Crypto Analyst Warns This Metric Signals Nasty Outlook for Bitcoin (BTC) Over the Next Two Months

by Daily Hodl Staff
May 26, 2022
in Bitcoin

A popular cryptocurrency analyst is singling out one metric suggesting a negative outlook for Bitcoin (BTC) over the coming weeks.

In a new strategy session, the anonymous host of InvestAnswers tells his 439,000 YouTube subscribers that based on Bitcoin options data, the bearish bets outweigh the bullish ones for the contracts ending July 29th.

InvestAnswers says that based on data from crypto options exchange Deribit, the puts volume expecting Bitcoin to dive to $25,000 and below has reached $165 million while the calls expecting BTC to hit $30,000 by late July are $63 million.

“The short-term outlook for July you can see here some calls, about $33 million on $40,000, which is a small bump. But a lot of very negative bets.

You’ve got $29 million on a $15,000 Bitcoin, $60 million on a $20,000 Bitcoin and $76 million on a $25,000 Bitcoin. And of course $30 million on where we are right now as insurance.

So this is extremely negative. Very, very concerning that people do expect another wick down or another double bottom.”

Source: InvestAnswers/YouTube

The crypto analyst also says options data shows that over the longer term, there is a more optimistic outlook for Bitcoin.

According to the crypto analyst, the call volumes betting on Bitcoin hitting $70,000 and above by December have reached $243 million while the puts volumes expecting Bitcoin at $30,000 and below stand at $95 million.

“As of December 2022, you can see here big bets. We have $64 million in Deribit bet on $100,000 Bitcoin by December, $101 million on an $80,000 Bitcoin by December and $78 million on a $78,000 Bitcoin.

And a couple of puts, $30,000 Bitcoin – $34 million, which is pretty much a little bit higher than where we are right now and $61 million on a $25,000 Bitcoin.

Remember people place these bets to protect their bags as well, buying insurance. But not a lot of put activity compared to the bullish activity onto the far right.”

Source: InvestAnswers/YouTube

InvestAnswers says that between now and late July, Bitcoin is likely to exhibit choppy movements before recovering after the Federal Reserve offers more clarity on monetary policy.

“Expect bumpiness for the next, say eight to 12 weeks. Once we get through August, get some clarity from the Fed, because you know the Fed has handcuffs on us right now, then we will be able to bounce and move forward.”

Bitcoin is trading for $29,452 at time of writing.

I

Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 
Check Latest News Headlines


 
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Vadim Sadovski/Chuenmanuse

Submit a Press Release

Industry Announcements

  • Spritz Finance Launches Direct Wallet Pay, an Easy Way To Pay Real-World Bills With USDC From Any Crypto Wallet
    July 5, 2022
  • Metaverse Summit To Accelerate Open Metaverse and Web 3.0 With International Leaders
    July 5, 2022
  • Swappi (PPI) Announces First Exchange Listing on BitMart
    July 1, 2022
  • Yield App Joins Forces With Unstoppable Domains To Simplify Web 3.0 Journey
    July 1, 2022
  • ARK Has Introduced a New Blockchain Consensus Technology
    June 30, 2022
  • Cantina Royale Taps Elrond Apes To Boost Its In-Game Cross Chain NFT Collections
    June 28, 2022
  • Saddle Finance Announces End of Lock-Up Period for Its SDL Token
    June 24, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$20,274.00
$20,274.00
0.54%
Ethereum
$1,143.31
$1,143.31
1.12%
Cardano
$0.457618
$0.457618
2.36%
XRP
$0.325753
$0.325753
1.38%
Dogecoin
$0.067361
$0.067361
3.23%

Spotlight

  • Coinbase Ignites Crypto Rallies After Listing Several Altcoins Built on Ethereum and Solana
    June 28, 2022
  • Many Crypto Traders Are About To Get ‘Torched’ and Completely Misjudge the Market, Warns Top Analyst
    July 1, 2022
  • Analyst Who Nailed May 2021 Bitcoin Crash Says BTC Flashing Major Bear Market Bottom Signal
    July 5, 2022
  • Crypto Venture Capitalist Says Solana (SOL) Going Through Same Bear Phase As Ethereum (ETH) in 2018
    June 29, 2022
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl