Key facts:
BTC is trading around $63,100, according to data from CoinMarketCap.
A rebound in the Bitcoin price was expected after the options expired.
Bitcoin (BTC) remains above $63,000 on Saturday, September 21, trading at around $63,100 according to data from CoinMarketCap. This follows a day marked by the inflow of capital into Bitcoin exchange-traded funds (ETFs) and the expiration of more than 20,000 BTC options.
On Friday, September 20, Bitcoin Spot ETFs received a net total of USD 91.9 millionaccording to SoSoValue reports. This capital flow includes a net inflow of USD 13.3 million for the Grayscale Bitcoin Mini Trust ETF and highlighted by the Fidelity ETF, FBTC, with inflows of USD 26.1 million, being the largest beneficiary of the day. In second place, the Ark Invest and 21Shares ETF, ARKB, saw a net inflow of USD 21.9 million.
This increase in investment in bitcoin ETFs occurs in a context where, as CriptoNoticias reported, more than 20,000 BTC options were close to expiration. The general expectation was for a rebound in the price of bitcoin due to this event, a hypothesis based on the historical volatility that accompanies these maturities.
However, the price of bitcoin did not react as sharply as anticipated. This may be due to several factors. First, the inflow of capital into ETFs, although significant, might not have been sufficient. to provoke a sharp movement in the marketespecially if investors already anticipated this event and adjusted their positions previously.
In addition, the options market can present complex dynamics where traders They adjust their strategies not only based on price, but also on implied volatility and risk.
Upcoming expectations for the price of bitcoin
In the coming days, the bitcoin market is likely to experience some volatility. The approval by the US SEC of options based on BlackRock’s bitcoin ETF, reported by CriptoNoticias, adds a new layer of complexity. This approval allows investors to use options to leverage their bitcoin positions through ETFs, which can increase volatility but also attract more capital into the cryptocurrency ecosystem.
The introduction of bitcoin ETF options means that investors can now speculate on the price of bitcoin without the need to directly own the digital currency, which may appeal to a wider audience, including those who prefer to operate in regulated markets and with traditional financial instruments.
This could, in the long run, increase the liquidity and stability of the bitcoin market, although in the short term could increase volatility due to the leverage that options allow.
Although bitcoin remains firm above $63,000, the market is watching with interest how the combination of capital flows into ETFs, options expiration, and the recent approval of financial derivative instruments, will impact the price of BTC in the coming weeks.