The Great Bitcoin Options Expiry: A Whole Lot of Nothing
Well folks, the highly anticipated quarterly expiration of BTC and ETH options has come and gone. And what do we have to show for it? Not much, my friends. Not much at all.
Leading up to this momentous occasion, there was a lot of buzz in the market. People were expecting fireworks, excitement, maybe even some drama. But alas, it was not meant to be.
The BTC price did experience a brief spike before settling back down again. It’s like that one friend who always talks about doing something crazy but never actually follows through. We had high hopes for you, BTC.
“With the quarterly expiry, the market has seen a release of positions that have built up in recent months,” said analysts at Greeks.Live. “OptionsSponsored Product could see a larger shift if the market supports it in July.”
Ah yes, the classic “release of positions.” Just rolls off the tongue doesn’t it? Basically what they’re saying is that people closed out their bets and moved on with their lives. Exciting stuff.
What’s Next For Bitcoin?
Now let’s talk about today’s daily close because apparently that’s extremely important according to someone somewhere. Today is month-end AND quarter-end AND we get to find out about some inflation gauge thingy from the US Federal Reserve (whatever that means).
I don’t know about you guys, but I’m on pins and needles waiting for this PCE price index announcement! Will it be good news? Bad news? Who knows! All I can say is thank goodness Tuesday is Independence Day because we’re gonna need an extra day off after all this suspense!
BTC Monthly Close: A Bullish Harbinger?
According to renowned analyst @rektcapital, BTC is positioning itself for a monthly close above a resistance level that has been rejecting it for the past three months. Wow, what an accomplishment! I’m sure this means something very important in the grand scheme of things.
The Best Time To Buy Bitcoin
Now here’s some real juicy information for you all. Analyst @tedtalksmacro recently published an analysis about Bitcoin’s historical performance and apparently, Mondays are the best day to buy and hold BTC!
I know what you’re thinking – “But wait, can’t I just buy whenever I want?” Well yes, technically you can. But according to this analysis (which we should definitely take as gospel), Mondays have historically shown the highest returns.
So there you have it folks. The great optionsSponsored Product expiry came and went without much fanfare. We learned that people closed out their positions (yawn) and now we’re waiting with bated breath for some inflation data.
If anything exciting happens in July, maybe we’ll see a larger shift in optionsSponsored Product trading. Or maybe not. Who knows? It’s all just one big mystery wrapped in a riddle inside an enigma.
Until then, let’s keep our eyes on that resistance level and remember to buy Bitcoin on Mondays. Because if there’s one thing we’ve learned from all this, it’s that historical data never lies.
Disclaimer: This article is meant for entertainment purposes only. Please do your own research before making any investment decisions.