Analysis Crypto by Thebittimes.Com

The crypto market has been devoid of volatility lately. Over the past fortnight, The price of Bitcoin has mostly been hovering around the $19k mark. After noting a mere 0.4% gain on the daily, the largest crypto was trading at $19212.9 at press time. Bitcoin’s upcoming options expiry In a day’s time, Bitcoin worth approximately $538 million is set to expire. At the moment, most traders are bearish, for the puts overshadow the calls. The call OI on Thursday for October 21’s expiry stood at 12,272.4 BTC at press time. The put OI, on the other hand, stood at 15,728.8 BTC. Resultantly, the call/put ratio stood under 1, at 0.78. Source: Coinglass As illustrated below, most bearish bets have been placed at the strike price of 19k and lower, while the call bets have been placed towards the upside. For context, at $19k, the call OI stood at merely 678.49 BTC, while the put OI stood at 2.11k BTC. Conversely, at $19.5k, the call OI stood at an elevated 1.49k BTC wh...

During the initial few days of the week, top crypto assets found it challenging to glide up on their price charts. That has not been the case for Huobi’s native token. The past five days have been nothing less than a fairy tale for HT . In the said period, the #42nd ranked token has been able to appreciate in value by 101%. Source: TradingView Also Read: Tron registers Rising Activity: Justin Sun denies ‘Huobi-buyer’ link At the beginning of the week, Justin Sun announced that he had officially become one of Huobi’s global advisors, alongside Valkyrie Investment CEO Leah Wald and About Capital founder Ted Chen. During the course of the week, he emphasized that the advisory committee intended to revitalize Huobi. To do so, he said, they’d “empower” HT. In a recent tweet, he said,  We know that the key to revitalizing Huobi is to empower HT, and HT can only thrive on Huobi! In the future, there will be many big moves around H...