- BTC Options Expiration Reveals Short-Term Volatility Following ETF Approval.
- Bitbot’s pre-sale on January 17th promises unprecedented excitement for its self-managed solution.
- With a total supply of 1 billion tokens, Bitbot aims for a market capitalization of $1 billion and a top listing.
The cryptocurrency market is seething with excitement as 2024 signals the start of a new bull market. The recent Bitcoin ETF approval has sparked near-term volatility, and Bitbot, an innovative Telegram trading bot, is gearing up for a token pre-sale on January 17th.
In this article, we take a closer look at the Bitcoin ETF approval and the first expected Bitcoin options expiration following the upcoming Bitbot pre-sale, and explore the potential for exciting opportunities in the evolving cryptocurrency landscape.
First BTC Option Expires After Bitcoin ETF Approval
Wall Street’s approval of a Bitcoin spot ETF sets the stage for unprecedented market action. Despite its historical significance, the price of Bitcoin is reacting muted, currently trading at $46,080.
According to Greeks.Live, as of January 12, there were 36,000 Bitcoin options close to expiration, with a put-call ratio of 0.9. With Maxpain points at $45,000 and a notional value of $1.68 billion, the market is expecting a short-term roller coaster ride.
January 12 Options Data
36,000 BTC options are set to expire with a put-call ratio of 0.9, Maxpain points of $45,000, and a notional value of $1.68 billion.
262,000 ETH options are scheduled to expire with a put-call ratio of 0.64, Maxpain points of $2,400, and notional value of $680. pic.twitter.com/LSKNGKVjrH— Greeks.live (@GreeksLive) January 12, 2024
Cryptocurrency Market After Bitcoin ETF Approval
Adoption of Bitcoin spot ETFs promises long-term gains, but short-term uncertainty persists. Short-term implied volatility (IV) peaked and then began to decline, creating an environment of caution and expectations among investors.
Data from Santiment shows that active Bitcoin (BTC) wallets are likely to decline slightly following ETF approval. While this may not have a significant impact on price, traders can add interest to market dynamics by switching to ETF exposure.
Bitbot’s pre-sale buzz
As the cryptocurrency community braces for potential market changes, Telegram bot Bitbot has emerged as a disruptive force, offering a self-managed trading solution on Telegram. The Bitbot token pre-sale, scheduled to launch on January 17th, brings new fun and investment opportunities.
The Telegram bot boasts a total token supply of 1,000,000,000. 30% of tokens will be distributed in the pre-sale, which will be held over 8 stages. An additional 20% will be allocated to the Bitbot development team to fund ongoing innovation and ensure long-term usability.
Bitbot’s highly flexible wallet management, based on MPC management API technology, sets it apart. MPC systems improve privacy and accuracy by replacing private keys with individual key sharing. Bitbot’s custody partner, Knightsafe, adds an additional layer of security through its open-source and decentralized digital asset self-storage service.
Is Bitbot a good investment?
Well, every cryptocurrency investment move depends on the investor. However, the volatility of the cryptocurrency market requires thorough background research and market analysis.
As we get closer to Bitbot’s pre-sale launch, it’s important to note that the Telegram bot is introducing Anti MEV Bot, an anti-lug feature that prevents monitoring by MEV bots and prevents potential fraud. Additionally, Bitbot users can copy trades from top traders, enjoy a built-in referral program, and easily sign up to create an engaging user experience.
Bitbot’s allocation strategy, which focuses on development, marketing and liquidity provision, aims to achieve a market capitalization of $1 billion and listing on top exchanges. Additionally, the upcoming $100K contest adds excitement and makes Bitbot a potential gem in the evolving cryptocurrency landscape.
conclusion
Amid evolving market trends and the potential for a cryptocurrency bull run, Bitbot and Bitcoin are establishing themselves as key players.
BTC options expiration and Bitbot’s pre-sale create a dynamic environment that provides numerous opportunities for traders and investors.