• bitcoinBitcoin (BTC) $ 59,881.00
  • ethereumEthereum (ETH) $ 3,193.09
  • tetherTether (USDT) $ 0.999909
  • bnbBNB (BNB) $ 537.19
  • solanaSolana (SOL) $ 145.00
  • usd-coinUSDC (USDC) $ 1.00
  • staked-etherLido Staked Ether (STETH) $ 3,189.62
  • xrpXRP (XRP) $ 0.518940
  • the-open-networkToncoin (TON) $ 7.31
  • dogecoinDogecoin (DOGE) $ 0.113337
  • cardanoCardano (ADA) $ 0.429162
  • tronTRON (TRX) $ 0.139236
  • avalanche-2Avalanche (AVAX) $ 25.97
  • shiba-inuShiba Inu (SHIB) $ 0.000017
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 59,833.00
  • polkadotPolkadot (DOT) $ 6.20
  • chainlinkChainlink (LINK) $ 13.07
  • bitcoin-cashBitcoin Cash (BCH) $ 381.26
  • uniswapUniswap (UNI) $ 8.26
  • nearNEAR Protocol (NEAR) $ 5.42
  • daiDai (DAI) $ 0.998597
  • leo-tokenLEO Token (LEO) $ 5.78
  • litecoinLitecoin (LTC) $ 70.03
  • matic-networkPolygon (MATIC) $ 0.529476
  • wrapped-eethWrapped eETH (WEETH) $ 3,326.14
  • kaspaKaspa (KAS) $ 0.172515
  • internet-computerInternet Computer (ICP) $ 8.96
  • pepePepe (PEPE) $ 0.000009
  • ethena-usdeEthena USDe (USDE) $ 0.999448
  • ethereum-classicEthereum Classic (ETC) $ 22.47
  • aptosAptos (APT) $ 6.47
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.19
  • stellarStellar (XLM) $ 0.100452
  • moneroMonero (XMR) $ 156.57
  • makerMaker (MKR) $ 2,769.13
  • hedera-hashgraphHedera (HBAR) $ 0.071228
  • blockstackStacks (STX) $ 1.69
  • crypto-com-chainCronos (CRO) $ 0.091920
  • filecoinFilecoin (FIL) $ 4.28
  • cosmosCosmos Hub (ATOM) $ 6.20
  • render-tokenRender (RNDR) $ 6.15
  • mantleMantle (MNT) $ 0.727918
  • okbOKB (OKB) $ 39.49
  • vechainVeChain (VET) $ 0.028947
  • arbitrumArbitrum (ARB) $ 0.702169
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,234.67
  • immutable-xImmutable (IMX) $ 1.35
  • injective-protocolInjective (INJ) $ 20.58
  • suiSui (SUI) $ 0.778256
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • optimismOptimism (OP) $ 1.71
  • bittensorBittensor (TAO) $ 261.49
  • the-graphThe Graph (GRT) $ 0.193290
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,570.65
  • dogwifcoindogwifhat (WIF) $ 1.66
  • bonkBonk (BONK) $ 0.000024
  • arweaveArweave (AR) $ 24.77
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,312.70
  • notcoinNotcoin (NOT) $ 0.015386
  • aaveAave (AAVE) $ 101.39
  • lido-daoLido DAO (LDO) $ 1.68
  • bitget-tokenBitget Token (BGB) $ 1.04
  • ondo-financeOndo (ONDO) $ 1.00
  • theta-tokenTheta Network (THETA) $ 1.43
  • flokiFLOKI (FLOKI) $ 0.000147
  • fantomFantom (FTM) $ 0.498798
  • whitebitWhiteBIT Coin (WBT) $ 9.64
  • thorchainTHORChain (RUNE) $ 3.74
  • celestiaCelestia (TIA) $ 6.23
  • algorandAlgorand (ALGO) $ 0.146410
  • jasmycoinJasmyCoin (JASMY) $ 0.024379
  • based-brettBrett (BRETT) $ 0.117773
  • pyth-networkPyth Network (PYTH) $ 0.306375
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,183.11
  • jupiter-exchange-solanaJupiter (JUP) $ 0.792034
  • quant-networkQuant (QNT) $ 71.58
  • coredaoorgCore (CORE) $ 1.11
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  • gatechain-tokenGate (GT) $ 7.18
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  • mantra-daoMANTRA (OM) $ 1.08
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  • flowFlow (FLOW) $ 0.578355
  • axie-infinityAxie Infinity (AXS) $ 5.63
  • akash-networkAkash Network (AKT) $ 3.43
  • eosEOS (EOS) $ 0.550291
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,245.37
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  • bitcoin-svBitcoin SV (BSV) $ 40.77
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.04
  • galaGALA (GALA) $ 0.021821
  • bittorrentBitTorrent (BTT) $ 0.00000082
  • beam-2Beam (BEAM) $ 0.015565
  • tezosTezos (XTZ) $ 0.787708
  • msolMarinade Staked SOL (MSOL) $ 174.23
  • neoNEO (NEO) $ 10.88
  • fasttokenFasttoken (FTN) $ 2.36
  • starknetStarknet (STRK) $ 0.570214
  • usddUSDD (USDD) $ 1.00
  • the-sandboxThe Sandbox (SAND) $ 0.316188
  • zebec-protocolZebec Protocol (ZBC) $ 0.014101
  • roninRonin (RON) $ 2.13
  • ordinalsORDI (ORDI) $ 33.27
  • gnosisGnosis (GNO) $ 265.55
  • mog-coinMog Coin (MOG) $ 0.000002
  • ethenaEthena (ENA) $ 0.399240
  • lido-staked-solLido Staked SOL (STSOL) $ 170.37
  • fraxFrax (FRAX) $ 0.997815
  • nexoNEXO (NEXO) $ 1.15
  • frax-etherFrax Ether (FRXETH) $ 3,183.98
  • decentralandDecentraland (MANA) $ 0.334202
  • conflux-tokenConflux (CFX) $ 0.146661
  • ecasheCash (XEC) $ 0.000031
  • chilizChiliz (CHZ) $ 0.068547
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,436.84
  • tether-goldTether Gold (XAUT) $ 2,411.42
  • safeSafe (SAFE) $ 1.39
  • pendlePendle (PENDLE) $ 3.82
  • zksyncZKsync (ZK) $ 0.158972
  • mina-protocolMina Protocol (MINA) $ 0.512308
  • dexeDeXe (DEXE) $ 10.14
  • havvenSynthetix Network (SNX) $ 1.70
  • popcatPopcat (POPCAT) $ 0.568977
  • klay-tokenKlaytn (KLAY) $ 0.149695
  • oasis-networkOasis Network (ROSE) $ 0.082197
  • astarAstar (ASTR) $ 0.077205
  • iotaIOTA (IOTA) $ 0.160724
  • heliumHelium (HNT) $ 3.21
  • book-of-memeBOOK OF MEME (BOME) $ 0.007746
  • swethSwell Ethereum (SWETH) $ 3,382.08
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  • axelarAxelar (AXL) $ 0.714545
  • wemix-tokenWEMIX (WEMIX) $ 1.26
  • wormholeWormhole (W) $ 0.282380
  • worldcoin-wldWorldcoin (WLD) $ 1.83
  • apecoinApeCoin (APE) $ 0.741276
  • raydiumRaydium (RAY) $ 1.89
  • true-usdTrueUSD (TUSD) $ 1.00
  • nervos-networkNervos Network (CKB) $ 0.011103
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,479.12
  • aioz-networkAIOZ Network (AIOZ) $ 0.430513
  • theta-fuelTheta Fuel (TFUEL) $ 0.069807
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.004607
  • livepeerLivepeer (LPT) $ 13.79
  • xdce-crowd-saleXDC Network (XDC) $ 0.030787
  • pax-goldPAX Gold (PAXG) $ 2,401.35
  • apenftAPENFT (NFT) $ 0.00000045
  • bitcoin-goldBitcoin Gold (BTG) $ 24.99
  • illuviumIlluvium (ILV) $ 65.86
  • kavaKava (KAVA) $ 0.400421
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.02
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000020
  • stader-ethxStader ETHx (ETHX) $ 3,299.42
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000075
  • zcashZcash (ZEC) $ 26.94
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  • layerzeroLayerZero (ZRO) $ 3.68
  • aevo-exchangeAevo (AEVO) $ 0.470541
  • magaMAGA (TRUMP) $ 8.35
  • aerodrome-financeAerodrome Finance (AERO) $ 0.729744
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • mx-tokenMX (MX) $ 3.80
  • echelon-primeEchelon Prime (PRIME) $ 8.65
  • woo-networkWOO (WOO) $ 0.192812
  • iotexIoTeX (IOTX) $ 0.038879
  • safepalSafePal (SFP) $ 0.770415
  • singularitynetSingularityNET (AGIX) $ 0.514060
  • h2o-daoH2O Dao (H2O) $ 0.425335
  • corgiaiCorgiAI (CORGIAI) $ 0.001011
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.069088
  • curve-dao-tokenCurve DAO (CRV) $ 0.286241
  • compound-ethercETH (CETH) $ 64.01
  • stepnGMT (GMT) $ 0.148021
  • rocket-poolRocket Pool (RPL) $ 16.37
  • kusamaKusama (KSM) $ 22.04
  • osmosisOsmosis (OSMO) $ 0.487774
  • compound-governance-tokenCompound (COMP) $ 47.63
  • memecoin-2Memecoin (MEME) $ 0.014776
  • aragonAragon (ANT) $ 8.07
  • arkhamArkham (ARKM) $ 1.39
  • beldexBeldex (BDX) $ 0.047944
  • golemGolem (GLM) $ 0.318224
  • holotokenHolo (HOT) $ 0.001739
  • dashDash (DASH) $ 25.94
  • dydxdYdX (ETHDYDX) $ 1.34
  • zilliqaZilliqa (ZIL) $ 0.016361
  • compound-wrapped-btccWBTC (CWBTC) $ 1,200.14
  • blurBlur (BLUR) $ 0.171722
  • blastBlast (BLAST) $ 0.016687
  • justJUST (JST) $ 0.029881
  • celoCelo (CELO) $ 0.543614
  • radixRadix (XRD) $ 0.028003
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.003286
  • manta-networkManta Network (MANTA) $ 0.854615
  • ankrAnkr Network (ANKR) $ 0.028559
  • project-galaxyGalxe (GAL) $ 2.39
  • enjincoinEnjin Coin (ENJ) $ 0.170743

Bitcoin Options Data Shows BTC Price Longs Gaining Strength

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After some volatility following the false news of spot Bitcoin ETF approval, the BTC price has been consolidating above the $28,000 level. On one hand, there are concerns about macro developments while on the other hand, there’s optimism with the spot Bitcoin ETF coming.

A Look At the Bitcoin Options Data

Also, the Bitcoin options data shows that the BTC price longs are gaining strength. The options market data indicates growing confidence in longer-term Bitcoin price increases. Today, more than 10,000 BTC block call options were traded. It has a combined value of nearly $300 million, representing over 40% of the day’s total options activity. The dominant strategy involved a sell BTC-3NOV23-29000-C and a buy BTC-29DEC23-34000-C diagonal spread, as per data shared by GreeksLive.

Bitcoin Options Data Shows BTC Price Longs Gaining Strength

Courtesy: Greeks.Live

This spread is noteworthy as it involves selling short-term at-the-money (ATM) calls while purchasing longer-term out-of-the-money (OTM) calls, using the premium received from the sale. Although it may not imply immediate bullishness for Bitcoin in the short term, it clearly reflects a bullish outlook for Bitcoin’s long-term prospects.

What’s Next About BTC Price?

The BTC Price has been showing strength recently despite the pump and dump earlier this week. Bitcoin has held well above $28,000 along with optimism growing around the approval of the spot Bitcoin ETF.

Popular crypto analyst Michael van de Poppe stated that Bitcoin’s price isn’t displaying a strong follow-through at the moment. He expects a period of consolidation in this price range for a few days would be preferable before any further movement.

It appears that some liquidity needs to be cleared on the long side, which could lead to a test around the $27,600 to $27,800 range. Key support zones are at both $27,700 and $27,300, indicating potential areas of interest for long positions.

Bitcoin Options Data Shows BTC Price Longs Gaining Strength

A pivotal support area for Bitcoin, spanning from $26,700 to $26,285, emerged as a battleground where bulls and bears fiercely contested. The support levels within this zone held great significance as they marked a decisive juncture for Bitcoin’s short-term direction

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