Bitcoin (BTC) • Quarterly Derivatives Settlement Consolidation
With the FOMC meeting this past wee we are seeing some prolonged consolidation and indecision under the 2021 yearly open (28.9k).
Now I think the main reason that is happening is more related to the fact we have Quarterly March Futures and options settling just around the corner.
Deribit March Quarterly Options have $3.8B Nominal Open Interest and $350m in Futures. All these obviously need to be settles against SPOT and OTC markets. That is why a weird consolidate with weird liquidity hunts moves is normal.
As discuss in video I walk through the trends and technical structure I am looking at. Also comment on Futures Basis, Premiums,Funding Rates and Orderbooks.
If you find the content useful or interesting! HIT THE 🚀 🚀 🚀
Now I think the main reason that is happening is more related to the fact we have Quarterly March Futures and options settling just around the corner.
Deribit March Quarterly Options have $3.8B Nominal Open Interest and $350m in Futures. All these obviously need to be settles against SPOT and OTC markets. That is why a weird consolidate with weird liquidity hunts moves is normal.
As discuss in video I walk through the trends and technical structure I am looking at. Also comment on Futures Basis, Premiums,Funding Rates and Orderbooks.
If you find the content useful or interesting! HIT THE 🚀 🚀 🚀
D7R
