. Still, despite the bulls’ best efforts, BTC has not been able to post a daily close above $18,000 since Nov. 9, 2022. As a tumultuous year in crypto came to a close, BTC’s price stayed within the $15,000 to $17,000 range, which handed a win to bears after the Dec. 30 options expiry, when bulls needed to push the price above $18,000 to avoid a potential $340 million loss heading into 2023.
Delta can be understood as the probability that the option will expire in the money. A $16,000 one-week call with a price of $16,500 would have a near-100% delta, while a $36,000 one-week call would have a near-0% delta. This is because it is a near-certainty that the $16,000 call would remain in-the-money, while the $36,000 would remain OTM, given the usual volatility.
Demelza Hays, Ph.D., is the director of research at Cointelegraph. Hays has compiled a team of subject matter experts from finance, economics and technology to bring the premier source for industry reports and insightful analysis to the market. The team utilizes APIs from various sources to provide accurate, useful information and analyses.
🤣🤣🤣… You ARE kidding… right?!?
On the path to the moon 🌝
CS Let's hope so, the previous year has taught us much things for sure.
CS The bottom is most certainly in.