[Binance OTC Weekly]
BTC rebounded strongly from $56.5k following the FOMC meeting, but was unable to extend its gain above $65,000. The downward channel is now acting as support, and BTC may retest the $60k strong demand zone and even the $58k support level as bearish sentiment dominates the market.
Following the last two halvings in 2016 and 2020, BTC has traded sideways for 2 to 3 months. In the options market, our desk notices a larger IV difference between BTC and ETH options, which could indicate the start of the altcoin season.
For more information, please see our OTC Weekly Trading Insights.
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BTC rebounded strongly from $56.5k following the FOMC meeting, but was unable to extend its gain above $65,000. The downward channel is now acting as support, and BTC may retest the $60k strong demand zone and even the $58k support level as bearish sentiment dominates the market.
Following the last two halvings in 2016 and 2020, BTC has traded sideways for 2 to 3 months. In the options market, our desk notices a larger IV difference between BTC and ETH options, which could indicate the start of the altcoin season.
For more information, please see our OTC Weekly Trading Insights.
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OTC Weekly Trading Insights (05/08/2024)
Render's ($RNDR) price has risen 44.1% in the last seven days, owing to excitement about a new launchpad called the Long Dragon on its ecosystem. The Long Dragon launchpad will thoroughly vet projects
[Binance OTC Weekly]
Following the cooler US CPI data last week, our desk observed a shift in sentiment from bearish to neutral. With the SEC's unexpected action on ETH spot ETFs on Monday, the odds of ETH ETF approval by the end of May increased from 25% to 75%. The rising odds encouraged investors and traders to acquire ETH on the market. Following the news, ETH surged over 20% in 12 hours.
However, our desk noticed a negative risk reversal on near-term ETH options, indicating that traders are taking profits and purchasing puts for downside protection. Our team expects the prices of BTC and ETH to consolidate here before the SEC approves the ETH ETFs. Furthermore, if BTC can clear the supply zone between $71.5k and $73.5k, we will see the next leg up in BTC price to $100k by the end of the year.
For more information, please see our OTC Weekly Trading Insights.
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Following the cooler US CPI data last week, our desk observed a shift in sentiment from bearish to neutral. With the SEC's unexpected action on ETH spot ETFs on Monday, the odds of ETH ETF approval by the end of May increased from 25% to 75%. The rising odds encouraged investors and traders to acquire ETH on the market. Following the news, ETH surged over 20% in 12 hours.
However, our desk noticed a negative risk reversal on near-term ETH options, indicating that traders are taking profits and purchasing puts for downside protection. Our team expects the prices of BTC and ETH to consolidate here before the SEC approves the ETH ETFs. Furthermore, if BTC can clear the supply zone between $71.5k and $73.5k, we will see the next leg up in BTC price to $100k by the end of the year.
For more information, please see our OTC Weekly Trading Insights.
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OTC Weekly Trading Insights (05/22/2024)
Last week, our Convert Portal experienced a surge in trading demand for the meme coin ConstitutionDAO ($PEOPLE). ConstitutionDAO was a crowdfunding campaign to purchase a first-edition copy of the Uni
[Binance OTC Weekly]
After the SEC approved 19b-4 forms on ETH spot ETF applications, it is only a matter of time before ETH ETFs are listed on the stock exchange for investors. ETH's price is currently compressed below $4,000, and we believe that the SEC's final approval of ETH ETFs will help ETH clear the $4,000 hurdle and have another 10% room to go.
Our observations in the options market indicate that market sentiments on both BTC and ETH are bullish, with a more bullish outlook for both assets in the next two months. This observation confirms our previous prediction that the market correction that began in March is coming to an end, and that BTC may reach a new all-time high this summer, paving the way for the start of the altcoin season.
For more information, please see our OTC Weekly Trading Insights.
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After the SEC approved 19b-4 forms on ETH spot ETF applications, it is only a matter of time before ETH ETFs are listed on the stock exchange for investors. ETH's price is currently compressed below $4,000, and we believe that the SEC's final approval of ETH ETFs will help ETH clear the $4,000 hurdle and have another 10% room to go.
Our observations in the options market indicate that market sentiments on both BTC and ETH are bullish, with a more bullish outlook for both assets in the next two months. This observation confirms our previous prediction that the market correction that began in March is coming to an end, and that BTC may reach a new all-time high this summer, paving the way for the start of the altcoin season.
For more information, please see our OTC Weekly Trading Insights.
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OTC Weekly Trading Insights (05/29/2024)
Audius crypto, a Web 3 equivalent to music streaming platforms like SoundCloud and Spotify, saw its native token, $AUDIO, soar 27.4% last week with a 21x volume increase on Convert. Audius was named o
[Binance OTC Weekly]
This Wednesday, we witnessed two event-driven impulses in the BTC and the border crypto market. The lower CPI data in May boosted market confidence in the Federal Reserve's rate cuts this year, and BTC rose more than 2% as a result. A few hours later, the FOMC kept interest rates unchanged at its June meeting and revised its dot plot to show only one rate cut in 2024. The uncertainty about whether the Fed will cut rates this year caused a retracement in the cryptocurrency market. BTC gave up all of its gains after the CPI news and traded lower before the US market closed.
Our desk believes the Bitcoin upward trend remains intact in the high time frame, while BTC will trade sideways below $72k in the short term. We believe that the price of Bitcoin will break the $72k/73k resistance and reach $85k before the US presidential election.
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This Wednesday, we witnessed two event-driven impulses in the BTC and the border crypto market. The lower CPI data in May boosted market confidence in the Federal Reserve's rate cuts this year, and BTC rose more than 2% as a result. A few hours later, the FOMC kept interest rates unchanged at its June meeting and revised its dot plot to show only one rate cut in 2024. The uncertainty about whether the Fed will cut rates this year caused a retracement in the cryptocurrency market. BTC gave up all of its gains after the CPI news and traded lower before the US market closed.
Our desk believes the Bitcoin upward trend remains intact in the high time frame, while BTC will trade sideways below $72k in the short term. We believe that the price of Bitcoin will break the $72k/73k resistance and reach $85k before the US presidential election.
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OTC Weekly Trading Insights (06/13/2024)
The token price of Highstreet ($HIGH) has dropped significantly in the past week. $HIGH experienced a strong bull run after March 20. $HIGH's price rose from $1.7 to a high of $9.8 in less than three
[Binance OTC Weekly]
The BTC price faced resistance at the $69k mark and found support at $66k. Our team is optimistic that a price increase for BTC is imminent, driven by more favorable market sentiment.
However, Federal Reserve officials have expressed caution regarding potential rate cuts this week, which could create challenges for risk assets like Bitcoin and the wider crypto market. While the ECB and BoC have implemented interest rate cuts, the Federal Reserve remains the primary central bank affecting global liquidity. If the Fed decides to pause on rate cuts in the upcoming meetings, it could negatively impact BTC's price.
In the options market, sentiment appears positive for BTC's price movement over the next one to two months, although options traders are taking a neutral stance on short-term fluctuations. Our team maintains a positive outlook for BTC in the long term and anticipates that it could reach a new all-time high before the end of the year.
For more information, please see our OTC Weekly Trading Insights.
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The BTC price faced resistance at the $69k mark and found support at $66k. Our team is optimistic that a price increase for BTC is imminent, driven by more favorable market sentiment.
However, Federal Reserve officials have expressed caution regarding potential rate cuts this week, which could create challenges for risk assets like Bitcoin and the wider crypto market. While the ECB and BoC have implemented interest rate cuts, the Federal Reserve remains the primary central bank affecting global liquidity. If the Fed decides to pause on rate cuts in the upcoming meetings, it could negatively impact BTC's price.
In the options market, sentiment appears positive for BTC's price movement over the next one to two months, although options traders are taking a neutral stance on short-term fluctuations. Our team maintains a positive outlook for BTC in the long term and anticipates that it could reach a new all-time high before the end of the year.
For more information, please see our OTC Weekly Trading Insights.
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OTC Weekly Trading Insights (10/24/2024)
Top Interest of the Week Stella ($ALPHA) is a protocol that employs leveraged strategies without borrowing costs. Its innovative "Pay-As-You-Earn" model enables borrowers to leverage supported DeFi s
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Binance
Trade on Binance Algo Orders & Win Up to 3,000 USDC! | Binance announcement,Binance news
Users who trade at least 200,000 USDC equivalent via Time-Weighted Average Price (TWAP) and Percentage of Volume (POV) Algo Orders, will stand a chance to win up to 3,000 USDC in token voucher rewards
[Binance OTC Weekly]
BTC has achieved the significant milestone of $100,000. This price point seemed unimaginable when Bitcoin was initially launched. Following this extraordinary accomplishment, our team anticipates that it will attract increased market interest and create a positive feedback loop within the web3 sector, further driving development.
During the DealBook Summit today, Fed Chair J. Powell's comparison of Bitcoin to gold indicates a notable shift in the traditional finance sector's perspective on Bitcoin, recognizing it as a form of value preservation akin to gold. We view this change as a clear indication of mainstream acceptance, which is likely to draw in additional capital and talent, while also contributing to a gradual reduction in Bitcoin's price volatility.
From our analysis of the options market, we have noted a strong bullish sentiment towards Bitcoin, contrasted with a more tempered bullish outlook for ETH. However, the options market suggests a significantly optimistic view for ETH over the next six months, which aligns with our assessment that Bitcoin will lead the way in price increases, subsequently prompting a capital shift towards ETH and other altcoins.
For more information, please see our OTC Weekly Trading Insights.
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BTC has achieved the significant milestone of $100,000. This price point seemed unimaginable when Bitcoin was initially launched. Following this extraordinary accomplishment, our team anticipates that it will attract increased market interest and create a positive feedback loop within the web3 sector, further driving development.
During the DealBook Summit today, Fed Chair J. Powell's comparison of Bitcoin to gold indicates a notable shift in the traditional finance sector's perspective on Bitcoin, recognizing it as a form of value preservation akin to gold. We view this change as a clear indication of mainstream acceptance, which is likely to draw in additional capital and talent, while also contributing to a gradual reduction in Bitcoin's price volatility.
From our analysis of the options market, we have noted a strong bullish sentiment towards Bitcoin, contrasted with a more tempered bullish outlook for ETH. However, the options market suggests a significantly optimistic view for ETH over the next six months, which aligns with our assessment that Bitcoin will lead the way in price increases, subsequently prompting a capital shift towards ETH and other altcoins.
For more information, please see our OTC Weekly Trading Insights.
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OTC Weekly Trading Insights (12/05/2024) : BTC is now over $100,000!!
Top Interest of the Week Gifto ($GFT) experienced significant price fluctuations last week, with its value soaring threefold from $0.07 to $0.21, only to plummet by 99% following the delisting deadli
[Binance OTC Weekly]
BTC underwent a swift pullback following the FOMC meeting on Wednesday. The hawkish remarks from Fed Chair Powell, along with an updated dot plot indicating only two rate cuts in 2025, have shifted market sentiment from bullish to bearish. Over the course of two days, BTC's price fell by more than 11%, with altcoins experiencing even steeper declines.
Despite these market fluctuations and the challenges presented by macroeconomic conditions, our team remains confident in BTC's potential and believes that the peak has not yet been reached. Analyzing historical trading patterns, macroeconomic trends, and the continuous capital inflow from ETFs, we view this retracement as a prime opportunity to buy the dip.
In the options market, we have observed a near-term shift to bearish sentiment, while the long-term outlook remains bullish. The options market indicates that BTC's upside potential in 2025 is considerable, and traders are positioning themselves to capitalize on future gains.
For more information, please see our OTC Weekly Trading Insights.
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BTC underwent a swift pullback following the FOMC meeting on Wednesday. The hawkish remarks from Fed Chair Powell, along with an updated dot plot indicating only two rate cuts in 2025, have shifted market sentiment from bullish to bearish. Over the course of two days, BTC's price fell by more than 11%, with altcoins experiencing even steeper declines.
Despite these market fluctuations and the challenges presented by macroeconomic conditions, our team remains confident in BTC's potential and believes that the peak has not yet been reached. Analyzing historical trading patterns, macroeconomic trends, and the continuous capital inflow from ETFs, we view this retracement as a prime opportunity to buy the dip.
In the options market, we have observed a near-term shift to bearish sentiment, while the long-term outlook remains bullish. The options market indicates that BTC's upside potential in 2025 is considerable, and traders are positioning themselves to capitalize on future gains.
For more information, please see our OTC Weekly Trading Insights.
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OTC Weekly Trading Insights (12/18/2024)
Access Binance OTC desk on the VIP Portal Spot Block Trading Algo Orders Options RFQ Top Interest of the Week Travala ($AVA), a platform aiming to tokenize the concept of loyalty reward programs usi
[Binance OTC Weekly]
BTC underwent a significant sell-off from $108k in the latter half of December, experiencing a 16% retracement before the close of 2024. However, it demonstrated resilience at the start of 2025, trading back above $97k during the first trading session, even as the US equity market faced downward pressure. The US dollar index reached a two-year peak as investors awaited details on Trump’s new trade policies.
Reflecting on 2024, BTC, SOL, and BNB exhibited comparable performances, each achieving a 130% increase over the year. In contrast, XRP surged by 320% in 2024, driven by optimism surrounding a potential easing of SEC regulations. Meanwhile, ETH, the second-largest cryptocurrency by market cap, lagged behind its rivals with a 55% gain.
In the coming months, our desk expects the bullish trend in the crypto market to persist, with several pullbacks of 15% or more likely during this upward trajectory. We anticipate increased volatility around January 20, coinciding with the inauguration day, and expect the market to be significantly influenced by headlines during the first 100 days of Trump’s presidency.
For more information, please see our OTC Weekly Trading Insights.
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BTC underwent a significant sell-off from $108k in the latter half of December, experiencing a 16% retracement before the close of 2024. However, it demonstrated resilience at the start of 2025, trading back above $97k during the first trading session, even as the US equity market faced downward pressure. The US dollar index reached a two-year peak as investors awaited details on Trump’s new trade policies.
Reflecting on 2024, BTC, SOL, and BNB exhibited comparable performances, each achieving a 130% increase over the year. In contrast, XRP surged by 320% in 2024, driven by optimism surrounding a potential easing of SEC regulations. Meanwhile, ETH, the second-largest cryptocurrency by market cap, lagged behind its rivals with a 55% gain.
In the coming months, our desk expects the bullish trend in the crypto market to persist, with several pullbacks of 15% or more likely during this upward trajectory. We anticipate increased volatility around January 20, coinciding with the inauguration day, and expect the market to be significantly influenced by headlines during the first 100 days of Trump’s presidency.
For more information, please see our OTC Weekly Trading Insights.
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OTC Weekly Trading Insights (01/03/2025)
Access Binance OTC desk on the VIP Portal Spot Block Trading Algo Orders Options RFQ Top Interest of the Week Origin Protocol stands out as one of the most established DeFi projects on the Ethereum
[Binance OTC Weekly]
BTC has experienced significant volatility over the past few days, plummeting from $102k to $91k last week, followed by a swift drop to $89k before rebounding above $94k on Monday. The market sentiment has shifted rapidly, heavily influenced by recent headlines. As inauguration day approaches, our team expects a bullish sentiment to persist, driven by investor optimism regarding Trump’s anticipated crypto executive orders on his first day in office.
Similar to the previous bull run fueled by excitement over Bitcoin spot ETFs in 2023, we present our base case forecast for BTC prices in the coming days. Our analysis suggests that BTC could reach a new high on January 20, followed by a correction before embarking on the next leg up. We explained the potential trajectory in detail in this post.
Additionally, our observations in the options market indicate that sellers are exercising caution, seeking higher premiums to offset the associated risks. We predict that BTC will continue its upward momentum in the near term, with solid support established at $90k, as indicated by the open interest in the options market. Our analysis also points out that ETH is facing resistance in the range of $3400 to $3450.
For more information, please see our OTC Weekly Trading Insights.
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BTC has experienced significant volatility over the past few days, plummeting from $102k to $91k last week, followed by a swift drop to $89k before rebounding above $94k on Monday. The market sentiment has shifted rapidly, heavily influenced by recent headlines. As inauguration day approaches, our team expects a bullish sentiment to persist, driven by investor optimism regarding Trump’s anticipated crypto executive orders on his first day in office.
Similar to the previous bull run fueled by excitement over Bitcoin spot ETFs in 2023, we present our base case forecast for BTC prices in the coming days. Our analysis suggests that BTC could reach a new high on January 20, followed by a correction before embarking on the next leg up. We explained the potential trajectory in detail in this post.
Additionally, our observations in the options market indicate that sellers are exercising caution, seeking higher premiums to offset the associated risks. We predict that BTC will continue its upward momentum in the near term, with solid support established at $90k, as indicated by the open interest in the options market. Our analysis also points out that ETH is facing resistance in the range of $3400 to $3450.
For more information, please see our OTC Weekly Trading Insights.
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OTC Weekly Trading Insights (01/16/2025)
Access Binance OTC desk on the VIP Portal Spot Block Trading Algo Orders Options RFQ Top Interest of the Week Grayscale Investments, a leading digital currency asset management company, has recently
[Binance OTC Weekly]
We have just witnessed the rapid rise of one of the fastest-growing tokens by market cap, the Official Trump ($TRUMP). The excitement surrounding this token has captured global attention, drawing in countless individuals into the cryptocurrency arena. Not only has Donald Trump seen a substantial increase in his personal wealth due to this token, but the Solana ecosystem has emerged as a major beneficiary as well. Our team has noted a surge in trading activity for Raydium ($RAY) and Jupiter ($JUP), the top decentralized exchange platforms on Solana, which have gained significant traction from the buzz surrounding $TRUMP.
As we mentioned in our previous update, Bitcoin's price movement aligned with our expectations around Inauguration Day. Our team has thoroughly analyzed various scenarios regarding Bitcoin's price in the near future. We are highly optimistic that a new bull rally is imminent, potentially coinciding with or following the Lunar New Year. Additionally, we foresee altcoins outperforming Bitcoin during this upcoming rally.
Insights from the options market further bolster our outlook, as traders are currently holding back, seeking more clarity in the short term. However, in the longer term, options traders maintain a bullish stance on both Bitcoin and Ethereum, as evidenced by the positive skew in longer-dated options.
For more information, please see our OTC Weekly Trading Insights.
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We have just witnessed the rapid rise of one of the fastest-growing tokens by market cap, the Official Trump ($TRUMP). The excitement surrounding this token has captured global attention, drawing in countless individuals into the cryptocurrency arena. Not only has Donald Trump seen a substantial increase in his personal wealth due to this token, but the Solana ecosystem has emerged as a major beneficiary as well. Our team has noted a surge in trading activity for Raydium ($RAY) and Jupiter ($JUP), the top decentralized exchange platforms on Solana, which have gained significant traction from the buzz surrounding $TRUMP.
As we mentioned in our previous update, Bitcoin's price movement aligned with our expectations around Inauguration Day. Our team has thoroughly analyzed various scenarios regarding Bitcoin's price in the near future. We are highly optimistic that a new bull rally is imminent, potentially coinciding with or following the Lunar New Year. Additionally, we foresee altcoins outperforming Bitcoin during this upcoming rally.
Insights from the options market further bolster our outlook, as traders are currently holding back, seeking more clarity in the short term. However, in the longer term, options traders maintain a bullish stance on both Bitcoin and Ethereum, as evidenced by the positive skew in longer-dated options.
For more information, please see our OTC Weekly Trading Insights.
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OTC Weekly Trading Insights (01/23/2025)
Access Binance OTC desk on the VIP Portal Spot Block Trading Algo Orders Options RFQ Top Interest of the Week Overall Market Source: TradingView The above chart is the BTC price in the daily candle
[Binance OTC Weekly]
Our Binance OTC desk would like to extend our warmest wishes to all our clients and their families. As we celebrate the Lunar New Year, we hope the Year of the Snake brings you joy and prosperity. Gong Xi Fa Cai (Wish you enlarge your wealth)!
A rapid sell-off commenced this Monday during Asian trading hours as the market reacted to the introduction of a Chinese AI model called DeepSeek. This negative sentiment quickly spread from the US stock market to the cryptocurrency sector, causing Bitcoin's price to dip below $98k. Nevertheless, Bitcoin showcased its resilience by bouncing back to close above $100k during the US trading session, supported by substantial inflows from ETFs.
Last week, we presented two possible scenarios for Bitcoin's price, and it seems the market has chosen a phase of sideways trading for consolidation instead of a swift correction. With strong support at the $100k level and encouraging capital inflow from ETFs, our analysis indicates that Bitcoin is nearing the end of its sideways movement and preparing for its next upward trend. We also anticipate that in this forthcoming rally, altcoins will outperform Bitcoin, leading to a decline in Bitcoin's market cap dominance to around 40%. This could herald the long-awaited altcoin season in this market cycle.
For more information, please see our OTC Weekly Trading Insights.
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Our Binance OTC desk would like to extend our warmest wishes to all our clients and their families. As we celebrate the Lunar New Year, we hope the Year of the Snake brings you joy and prosperity. Gong Xi Fa Cai (Wish you enlarge your wealth)!
A rapid sell-off commenced this Monday during Asian trading hours as the market reacted to the introduction of a Chinese AI model called DeepSeek. This negative sentiment quickly spread from the US stock market to the cryptocurrency sector, causing Bitcoin's price to dip below $98k. Nevertheless, Bitcoin showcased its resilience by bouncing back to close above $100k during the US trading session, supported by substantial inflows from ETFs.
Last week, we presented two possible scenarios for Bitcoin's price, and it seems the market has chosen a phase of sideways trading for consolidation instead of a swift correction. With strong support at the $100k level and encouraging capital inflow from ETFs, our analysis indicates that Bitcoin is nearing the end of its sideways movement and preparing for its next upward trend. We also anticipate that in this forthcoming rally, altcoins will outperform Bitcoin, leading to a decline in Bitcoin's market cap dominance to around 40%. This could herald the long-awaited altcoin season in this market cycle.
For more information, please see our OTC Weekly Trading Insights.
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OTC Weekly Trading Insights (01/30/2025)
Access Binance OTC desk on the VIP Portal Spot Block Trading Algo Orders Options RFQ Top Interest of the Week Singapore-based payment solutions provider Alchemy Pay, which specializes in fiat-crypto
[Binance OTC Weekly]
Last week, we examined two possible paths for Bitcoin's future and the indicators we monitor to validate a return of bullish momentum. On Tuesday, the BTC bullish signal was rejected, but we are awaiting a new bullish signal. We maintain a positive outlook on BTC's price and anticipate it will significantly increase by the end of March.
Additionally, our team has observed the low implied volatilities (IVs) in BTC options and the substantial IV premium between BTC and ETH options. We suggested several trading strategies for options traders to consider in order to capitalize on the low IVs present in BTC options.
For more information, please see our OTC Weekly Trading Commentary.
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Last week, we examined two possible paths for Bitcoin's future and the indicators we monitor to validate a return of bullish momentum. On Tuesday, the BTC bullish signal was rejected, but we are awaiting a new bullish signal. We maintain a positive outlook on BTC's price and anticipate it will significantly increase by the end of March.
Additionally, our team has observed the low implied volatilities (IVs) in BTC options and the substantial IV premium between BTC and ETH options. We suggested several trading strategies for options traders to consider in order to capitalize on the low IVs present in BTC options.
For more information, please see our OTC Weekly Trading Commentary.
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OTC Weekly Trading Insights (02/13/2025)
Access Binance OTC desk on the VIP Portal Spot Block Trading Algo Orders Options RFQ Top Interest of the Week Berachain ($BERA), the highly anticipated layer-1 blockchain, launched its mainnet on Fe
Binance to Include Algo Orders in VIP Program Spot Volume Calculation
https://www.binance.com/en/support/announcement/8912c23b620b41e1ad128c9d7699e6cc
https://www.binance.com/en/support/announcement/8912c23b620b41e1ad128c9d7699e6cc
Binance
Binance to Include Algo Orders in VIP Program Spot Volume Calculation | Binance Announcements ,Binance News
Binance will include users’ Time-Weighted Average Price (TWAP) and Percent of Volume (POV) Algo Orders trading volume as part of the VIP Program’s 30-day spot trading volume calculation
[Binance OTC Weekly]
BTC experienced a historically narrow trading range for more than 10 days, with low volatility as the market sought direction. The negative sentiment surrounding Solana, the sixth largest cryptocurrency by market capitalization, caused BTC to drop below the $93.5k mark on Tuesday. However, BTC demonstrated its strength by closing above $95k before the daily candle close. Currently, our analysis indicates that BTC is gaining upward momentum, which could signal the conclusion of the 10-week consolidation phase.
Additionally, we have noted that the skew in BTC and ETH options has turned positive across all tenors, indicating that options traders are adopting a bullish stance on both BTC and ETH. Last week, we shared our long-volatility strategies in light of the historically low implied volatility on BTC, and we anticipate a surge in volatility once BTC surpasses the critical $100k threshold.
For more information, please see our OTC Weekly Trading Commentary.
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BTC experienced a historically narrow trading range for more than 10 days, with low volatility as the market sought direction. The negative sentiment surrounding Solana, the sixth largest cryptocurrency by market capitalization, caused BTC to drop below the $93.5k mark on Tuesday. However, BTC demonstrated its strength by closing above $95k before the daily candle close. Currently, our analysis indicates that BTC is gaining upward momentum, which could signal the conclusion of the 10-week consolidation phase.
Additionally, we have noted that the skew in BTC and ETH options has turned positive across all tenors, indicating that options traders are adopting a bullish stance on both BTC and ETH. Last week, we shared our long-volatility strategies in light of the historically low implied volatility on BTC, and we anticipate a surge in volatility once BTC surpasses the critical $100k threshold.
For more information, please see our OTC Weekly Trading Commentary.
https://www.binance.com/en/square/post/20585024530329
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OTC Weekly Trading Insights (02/20/2025)
Access Binance OTC desk on the VIP Portal Spot Block Trading Algo Orders Options RFQ Top Interest of the Week Despite the overall decline in the cryptocurrency market, some digital currencies are ex
[Binance OTC Weekly]
After the Bybit hack last Friday, the market sentiment has flipped bearish, and the market structure has been damaged. With the rising concern on a slow-down US economy, a rate hike by BOJ, and a pause by the Fed, risk-off sentiment was across the board, from US stock market to crypto market.
Our desk firmly believes that the cycle top is not in, and we should see the next bull move after some consolidation for the structure repair. We also highlight some catalysts that could help the market build back the bullish sentiment.
In the options market, our desk observed that many institutional investors also have a similar view. Although the front end options have negative skew due to the heavy selloff, the skew of medium- to long-term BTC options remains positive. However, the skew on ETH options suggests that institutional clients lost faith on ETH, with less positive skew on longer-dated ETH options.
For more information, please see our OTC Weekly Trading Commentary.
https://www.binance.com/en/square/post/20861255467762
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After the Bybit hack last Friday, the market sentiment has flipped bearish, and the market structure has been damaged. With the rising concern on a slow-down US economy, a rate hike by BOJ, and a pause by the Fed, risk-off sentiment was across the board, from US stock market to crypto market.
Our desk firmly believes that the cycle top is not in, and we should see the next bull move after some consolidation for the structure repair. We also highlight some catalysts that could help the market build back the bullish sentiment.
In the options market, our desk observed that many institutional investors also have a similar view. Although the front end options have negative skew due to the heavy selloff, the skew of medium- to long-term BTC options remains positive. However, the skew on ETH options suggests that institutional clients lost faith on ETH, with less positive skew on longer-dated ETH options.
For more information, please see our OTC Weekly Trading Commentary.
https://www.binance.com/en/square/post/20861255467762
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OTC Weekly Trading Insights (02/27/2025)
Access Binance OTC desk on the VIP Portal Spot Block Trading Algo Orders Options RFQ Top Interest of the Week The cryptocurrency market has seen a general downturn following the hack of the Bybit ex
[Binance OTC Weekly]
Over the weekend, the cryptocurrency community celebrated after US President Trump revealed that BTC, ETH, XRP, SOL, and ADA would be included in the strategic crypto reserve. This announcement led to many crypto assets experiencing double-digit gains. However, the initial excitement was overshadowed by macroeconomic concerns regarding tariffs, resulting in significant profit-taking as the Asian markets opened. The tariffs imposed by the US and its trading partners have raised global worries about economic growth and improvements in market liquidity, creating a risk-averse investment environment.
From a technical analysis standpoint, BTC is currently at a pivotal level, facing pressure from a downward trendline and a declining RSI. Should risk sentiment improve, we can expect BTC to break the resistance level. However, if the price is rejected by the resistance level we mentioned, we anticipate a trajectory unfold similar to that of August last year.
In the options market, we noted that front-end implied volatility is elevated, while 3- to 6-month options are pricing mid-50% implied volatility. This suggests that the options market is anticipating moderate price movements over the next 3 to 6 months, while expecting BTC to experience volatility in the short term.
For more information, please see our OTC Weekly Trading Commentary.
https://www.binance.com/en/square/post/21172501631769
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Over the weekend, the cryptocurrency community celebrated after US President Trump revealed that BTC, ETH, XRP, SOL, and ADA would be included in the strategic crypto reserve. This announcement led to many crypto assets experiencing double-digit gains. However, the initial excitement was overshadowed by macroeconomic concerns regarding tariffs, resulting in significant profit-taking as the Asian markets opened. The tariffs imposed by the US and its trading partners have raised global worries about economic growth and improvements in market liquidity, creating a risk-averse investment environment.
From a technical analysis standpoint, BTC is currently at a pivotal level, facing pressure from a downward trendline and a declining RSI. Should risk sentiment improve, we can expect BTC to break the resistance level. However, if the price is rejected by the resistance level we mentioned, we anticipate a trajectory unfold similar to that of August last year.
In the options market, we noted that front-end implied volatility is elevated, while 3- to 6-month options are pricing mid-50% implied volatility. This suggests that the options market is anticipating moderate price movements over the next 3 to 6 months, while expecting BTC to experience volatility in the short term.
For more information, please see our OTC Weekly Trading Commentary.
https://www.binance.com/en/square/post/21172501631769
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For any RFQ inquiries, please get in touch with the trading team here. Have a great week ahead!
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OTC Weekly Trading Insights (03/06/2025)
Access Binance OTC desk on the VIP Portal Spot Block Trading Algo Orders Options RFQ Top Interest of the Week Last Sunday, US President Donald Trump made waves in the cryptocurrency market by sharin
[Binance OTC Weekly]
Amid escalating global trade tensions, risk assets are under significant selling pressure. The US stock market has erased all gains since the Trump election within a mere twelve days, while the Bitcoin (BTC) price has fallen sharply from $109k to below $80k. In this commentary, our desk provides a comprehensive analysis of BTC's potential price trajectory in the near future and shares our expert perspective on the market.
In the options market, implied volatilities (IVs) for BTC options have returned to the mid-50% range following a relief rebound. Options market data indicates that traders are expecting relatively stable price movement in the near future. Moreover, our Options RFQ platform now offers a variety of option strategies to help traders execute their trades efficiently.
For more information, please see our OTC Weekly Trading Commentary.
https://www.binance.com/en/square/post/21479478902722
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Amid escalating global trade tensions, risk assets are under significant selling pressure. The US stock market has erased all gains since the Trump election within a mere twelve days, while the Bitcoin (BTC) price has fallen sharply from $109k to below $80k. In this commentary, our desk provides a comprehensive analysis of BTC's potential price trajectory in the near future and shares our expert perspective on the market.
In the options market, implied volatilities (IVs) for BTC options have returned to the mid-50% range following a relief rebound. Options market data indicates that traders are expecting relatively stable price movement in the near future. Moreover, our Options RFQ platform now offers a variety of option strategies to help traders execute their trades efficiently.
For more information, please see our OTC Weekly Trading Commentary.
https://www.binance.com/en/square/post/21479478902722
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For any RFQ inquiries, please get in touch with the trading team here. Have a great week ahead!
[Binance OTC Weekly]
Following the Federal Reserve's reduction of its Treasury redemption program from $30 billion to $5 billion per month, the market responded positively, leading to a rise in risk asset prices. Bitcoin (BTC) initially surged above $87,000 after the announcement but quickly fell back below $85,000. Our analysis indicates that market sentiment is returning to a neutral stance after last week's oversold conditions, and we anticipate that BTC will continue to consolidate within a range over the next few months rather than experiencing a sharp V-shaped recovery.
In our options desk, we observed a steepening of the implied volatility (IV) surface for BTC, while the IV surface for Ethereum (ETH) flattened following the FOMC meeting, resulting in a premium of over 10% between BTC and ETH options. We are offering an options strategy for traders to take advantage of this IV premium between BTC and ETH options.
For more information, please see our OTC Weekly Trading Commentary.
https://www.binance.com/en/square/post/21826483407754
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For any RFQ inquiries, please get in touch with the trading team here. Have a great week ahead!
Following the Federal Reserve's reduction of its Treasury redemption program from $30 billion to $5 billion per month, the market responded positively, leading to a rise in risk asset prices. Bitcoin (BTC) initially surged above $87,000 after the announcement but quickly fell back below $85,000. Our analysis indicates that market sentiment is returning to a neutral stance after last week's oversold conditions, and we anticipate that BTC will continue to consolidate within a range over the next few months rather than experiencing a sharp V-shaped recovery.
In our options desk, we observed a steepening of the implied volatility (IV) surface for BTC, while the IV surface for Ethereum (ETH) flattened following the FOMC meeting, resulting in a premium of over 10% between BTC and ETH options. We are offering an options strategy for traders to take advantage of this IV premium between BTC and ETH options.
For more information, please see our OTC Weekly Trading Commentary.
https://www.binance.com/en/square/post/21826483407754
If you enjoy reading our commentary, please leave a like and subscribe. If you have any questions or feedback, please leave a comment or directly contact our desk.
For any RFQ inquiries, please get in touch with the trading team here. Have a great week ahead!
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OTC Weekly Trading Insights (03/20/2025)
Access Binance OTC desk on the VIP Portal Spot Block Trading Algo Orders Options RFQ Top Interest of the Week API3 is a decentralized Oracle platform that links on-chain decentralized applications (
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We are transitioning to a new channel with the handle https://www.tg-me.com/BinanceOTCTrading. We invite you to join us there to keep up with our weekly commentary and updates. We can't wait to connect with you in the new channel. Have a nice day!
We are transitioning to a new channel with the handle https://www.tg-me.com/BinanceOTCTrading. We invite you to join us there to keep up with our weekly commentary and updates. We can't wait to connect with you in the new channel. Have a nice day!
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