Até US $ 6,1 bilhões em opções de Bitcoin devem expirar em 26 de março, mas os dados de derivativos sugerem que o vencimento favorece os investidores otimistas.

Nos últimos dois meses, a quantidade de contratos em aberto sobre as opções de Bitcoin aumentou 60%, atingindo US $ 13,5 bilhões, à medida que o preço do BTC atingiu um novo recorde histórico

O resultado da valorização do preço do Bitcoin e o aumento das opções em aberto resultaram em um vencimento potencialmente histórico de $ 6,1 bilhões definido para 26 de março.

A maioria das bolsas oferece exposições mensais, embora algumas também tenham opções semanais para contratos de curto prazo. 29 de janeiro de 2020 teve o maior vencimento já registrado, com vencimento de US $ 3,5 bilhões em contratos de opções. Esse número representava 36% de todas as posições em aberto naquele momento.

Os dados acima mostram que o vencimento do Bitcoin em 26 de março contém 100.400 BTC. Essa concentração atípica se traduz em 45% de seus contratos com vencimento em onze dias.

É importante notar que nem todas as opções serão negociadas no vencimento, pois alguns desses strikes agora parecem irracionais, especialmente considerando que faltam menos de duas semanas.

Ao contrário dos contratos de futuros, as opções são divididas em dois segmentos. As opções de compra (call) permitem que o comprador adquira o BTC a um preço fixo na data de vencimento. De um modo geral, eles são usados ​​em negociações de arbitragem neutras ou estratégias otimistas.

Enquanto isso, as opções de venda são comumente usadas como hedge ou proteção contra oscilações negativas de preço.

A relação de chamada para venda está desequilibrada

Para entender como essas forças concorrentes são equilibradas, deve-se comparar o tamanho das opções de compra e venda a cada preço de vencimento (strike). Os mercados de opções são do tipo tudo ou nada, o que significa que têm valor ou se tornam inúteis se forem negociados acima do preço de exercício da opção de compra, ou o contrário para os detentores de opções de venda.

Ao excluir as opções de venda neutras a pessimistas abaixo de $ 47.000 e as opções de compra acima de $ 66.000, é mais fácil estimar o impacto potencial do vencimento de sexta-feira. Os incentivos para bombear ou descartar o preço em mais de 17% tornam-se menos prováveis, pois os ganhos potenciais raramente ultrapassarão o custo.

Esses dados deixam $ 1,13 bilhão em opções de compra de $ 32.000 a $ 64.000 strikes para as opções agregadas expirarem em 26 de março. Enquanto isso, as opções de venda mais pessimistas caíram para $ 47.000 totalizam $ 462 milhões. Portanto, há um desequilíbrio de $ 668 milhões favorecendo as opções de compra mais otimistas.

Anthony Scaramucci, founder of the $ 9.2 billion hedge fund SkyBridge Capital, who served (if only briefly) as communications director in the Trump administration, believes Bitcoin (BTC) could „easily“ reach $ 100,000 in a year. Forbes reports.

„You will orient yourself towards Bitcoin Bank, that is, in your mosaic of stocks and bonds and alternatives and gold there will be a few percentage points that have to do with the digital currency,“ said Scaramucci.

And:

“And since Bitcoin is the winner of this battle, it will likely be Bitcoin. So if you are not a Bitcoin investor, you are effectively short on Bitcoin. “

Last December, Scaramucci’s fund itself filed a Regulation D form with the US Securities and Exchange Commission for a crypto fund. The SkyBridge Bitcoin Fund LP opened to investors in January, with SkyBridge initially pouring $ 25 million of its capital into it.

„One of the things we’ve tried to do is democratize the hedge fund industry.“ Buying Bitcoin was „still a bit difficult,“ said Scaramucci at the time.

And:

„So, we think there is a very big move for Bitcoin in the next five to ten years.“

Today, SkyBridge’s Bitcoin fund is „approaching $ 100 million“ in assets under management, Scaramucci explains, while Bitcoin has „a very big future“ ahead of it. In total, SkyBridge currently holds approximately $ 500 million in Bitcoin through its investments.

“Performance was shattered by the pandemic in March last year. The SkyBridge Series G fund is up 33% since April 1, and part of that was frankly the move in Bitcoin that we took advantage of in the fourth quarter of last year, ”said Scaramucci.

However, he also comments that Bitcoin is still a volatile asset that is prone to unpredictable price movements. Scaramucci:

„Some of what you’re seeing this week is short squeeze, very similar to what would have happened to Tesla where the non-believers in Tesla were out of their shorts, the same thing is kind of happening here with Bitcoin“

As has been widely reported, Elon Musk’s tech company Tesla revealed on Monday that it had bought $ 1.5 billion in Bitcoin.

Japan approves first gaming token: ENJIN rises 150 per cent

On 19 January, Enjin (ENJ) became the first gaming token to be legally approved for trading by the Japanese Virtual Currency Exchange Association (JVCEA). Following this, ENJ saw huge gains, with the price rising 150.27 percent in the last seven days alone.

According to a press release issued by Enjin yesterday (Tuesday), ENJIN is the first gaming token to receive the green light from the Japan Virtual Currency Exchange Association (JVCEA). This means that the cryptocurrency Crypto Engine will be available for trading on Japan’s largest and most regulated crypto exchange, Coincheck, from 26 January. Enjin was able to benefit enormously from this news. In the last 24 hours, ENJ rose from US$0.2977 to US$0.4122 at press time.

On a weekly basis, the gaming cryptocurrency even rose by over 150 per cent and thus has a current market capitalisation of 389 million US dollars.

What can the gaming token Enjin do?

In October, BTC-ECHO already presented three most promising NFT projects and even then Enjin took first place – but what exactly can the gaming token do? ENJ is a so-called store of value token that can be deposited in the Enjin ecosystem for the creation of non-fungible tokens (NFT). The resulting NFTs are very versatile, from gaming items to virtual real estate, ENJ can be used for virtually anything in virtual space. Furthermore, the generated NFTs are tradable and can be integrated across games. ENJ therefore has the potential to be the fuel of a new virtual economy.

Enjin first entered the Japanese market in 2019, collaborating with Tokyo-based blockchain company HashPort in an attempt to break into the Japanese gaming sector. Since then, Enjin has been doing everything it can to get approval from the JVCEA for ENJ’s listing – it has finally succeeded. Maxim Blagov, CEO of Enjin, is now hopeful that Enjin will make a breakthrough in Japan and made the following statement:

From Super Mario to Pokémon to Final Fantasy, Japan is home to groundbreaking games. We believe that some of the best blockchain games in the world will come from the Japanese gaming industry. We will help them make the most of blockchain technology.

Japan is the third largest gaming market in the world. Enjin now seems to be the cryptocurrency best positioned to penetrate this market.

Enjin Japan Gaming

Furthermore, the press release indicates that Enjin is not only planning to expand further in the gaming sector, but also to be part of the fast-growing NFT art industry. This is currently booming and only in mid-December a digital art collection was sold for a total of 3.5 million US dollars.

In addition, the gaming token ENJ has repeatedly made headlines in the past. Since 2019, ENJ and some decentralised applications (dApps) of the crypto project have been an integral part of the Samsung crypto wallet.

Block.one has 140,000 BTC on its balance sheet, which is twice the value of the entire EOS market cap: should we buy the asset?

EOS’s performance has been quite disappointing during the last few weeks‘ rally, so much so that the cryptocurrency has dropped out of the Top 10 by market cap: nevertheless, one industry executive believes that EOS is one of the best digital assets to invest in right now.

Jeff Dorman, Chartered Financial Analyst and CIO of Arca, made these Bitcoin Champion statements based on Block.one’s extensive Bitcoin holdings.

Before delving into the matter, Dorman noted that EOS is the only major crypto asset, aside from XRP, that has not made significant gains during this rally. Over the past twelve months, the price of EOS has fallen by 26%, and losses have even increased recently, following the resignation of CTO Dan Larimer.

Given that many ‚zombie projects‘ are up 300% to 1,000%, Dorman believes EOS provides a good opportunity from a risk/reward perspective.

According to data compiled by financial comparison platform Bankr.nl, Block.one owns 140,000 BTC, worth an estimated $5.25 billion at the current price level. Dorman compared the market cap of EOS with that of Bitcoins held by Block.one:

„At a current value of $2.77, EOS’s market capitalisation is $2.6 billion, which represents only 47% of the value of their BTC holdings. This means that by buying $EOS, you are effectively buying $BTC at $18,771. This is a significant discount.“
Dorman said that generating a return on investment (ROI) from Book Value is essentially like making a bet on what the company’s management will do with that capital. He added that Block.one and the EOS team has done little to instil confidence in the market.

At this point, EOS and Block.one CEO Brendan Blumer need to either create value for token holders as soon as possible, or return the capital. If not, they risk significant legal problems.

Not everyone agreed with Dorman, however. Some pointed out that investing in EOS is not the same as buying BTC:

„To be clear, buying Bitcoin is NOT the same as buying EOS. Block One owns 10% of the supply of EOS tokens, they update the EOSIO code. But EOS is a public blockchain. And B1 does not reward EOS token holders with their Bitcoin holdings.“
The huge amount of Bitcoin on Block.one’s balance sheets may explain what well-known crypto podcaster Peter McCormack said:

„EOS was nothing more than a scam to the detriment of Bitcoin.“
At the time of writing this article, EOS is trading at $2.80, down almost 10% from last week.

Institutionele beleggers kunnen nu Bitcoin gebruiken als onderpand voor leningen in contanten.

Fidelity Digital Assets heeft plannen onthuld om het gebruik van Bitcoin als onderpand voor geldleningen vast te stellen.

Een rapport onthulde dat institutionele klanten van Fidelity Digital Assets Bitcoin zouden mogen verpanden als onderpand voor geldleningen. Deze nieuwe dienst is ook mogelijk gemaakt door de samenwerking van Fidelity met BlockFi, een blokkadestartup.
Fidelity richt zich op Bitcoin-investeerders met een nieuwe dienst

De voorzitter van Fidelity Digital Assets, Tom Jessop, onthulde dat deze nieuwe dienst gericht is op Bitcoin-beleggers die hun digitale activa willen omzetten in geld. Dergelijke Bitcoin-beleggers willen deze conversie uitvoeren zonder dat ze hun cryptocurrency hoeven te verkopen. Potentiële klanten voor deze nieuwe dienst zijn onder andere crypto-mijnwerkers, hedgefondsen en over-the-counter handelsdesks.

Volgens Fidelity is er een toename van de belangstelling van institutionele beleggers voor digitale valuta. Eerder dit jaar heeft de vermogensbeheerder een onderzoek uitgevoerd waaruit bleek dat 36% van de respondenten cryptohouders zijn, volgens hun portefeuille. In het onderzoek verklaarden meer dan zes van de tien respondenten hun interesse in digitale activa zoals Bitcoin en andere cryptocurrencies.

Bitcoin als onderpand voor kasgeldleningen

2020 was een goed jaar voor Bitcoin, want het bereikte op 1 december een nieuw record van 19.832,27 dollar. De prijs van BTC heeft zich sindsdien teruggetrokken, maar ’s werelds belangrijkste cryptocurrency is dit jaar met 164% gestegen. Andere cryptocurrency’s, zoals Litecoin en Ethereum, hebben dit jaar ook gezonde winsten geboekt.

Hoewel Fidelity in 2019 is begonnen met een Bitcoin-bewaardienst, is dit de eerste keer dat het Bitcoin gebruikt als onderpand voor geldleningen. Om een lening met Bitcoin als onderpand te krijgen, moet de klant van Fidelity een rekening hebben bij BlockFi. Het gebruik van Bitcoin als onderpand voor kasgeldleningen wordt volgens Jessop beschouwd als „een fundamentele mogelijkheid“.

„Naarmate de markten groeien, verwachten we dat dit een vrij belangrijk onderdeel van het ecosysteem wordt“, voegde hij eraan toe. Hij zei verder dat hij voorziet dat de lening op langere termijn zal zijn in plaats van een typische repotransactie. Bij dit soort leningen gaat het om een driepartijenovereenkomst.

„We willen een makelaarscapaciteit van wereldklasse ontwikkelen voor activa van alle soorten,“ zei Jessop.

Het verbeteren van de Kapitaalefficiëntie

Volgens een woordvoerder van Fidelity zal het aanbod komen als onderdeel van een „vraag naar verhoogde kapitaalefficiëntie“ bij haar klanten.

De woordvoerder voegde toe, ,,Ons de volledig-dienst aanbieden dat bewaring en handel omvat zal instellingen blijven helpen kapitaalefficiency toelaten, terwijl het voorrang geven van aan activabeveiliging en stilte“.

Jessop onthulde ook dat de digitale activa die als onderpand worden gebruikt, zullen worden aangehouden door de eenheid van vermogensbeheerder Fidelity Investments. Ook zal deze eenheid de leningen niet zelf verstrekken. De leningen zullen worden verstrekt door BlockFi, die 60% van de door Bitcoin gesteunde lening in contanten zal overhandigen. (Bitcoin met een totale waarde van $1000 als onderpand zal een persoon in staat stellen om $600 in contanten als lening te krijgen). „Het programma heeft echter ruimte voor maatwerk op klantniveau en kan worden aangepast aan de behoeften van grote bedrijven“, aldus BlockFi Chief Executive Officer Zac Prince.

Trouw onthulde verder dat het geen inspraak heeft in het bepalen van de voorwaarden van de lening. Haar bijdrage is beperkt in overeenstemming met de driepartijenovereenkomst, zodat de Bitcoin veilig kan worden bewaard.

Het gebruik van Bitcoin als onderpand voor kasgeldleningen laat zien dat het gebruik van crypto in de financiële sector toeneemt. Crypto wordt nu gebruikt voor belangrijke financiële toepassingen. Dit is te zien in het geval dat Bitcoin-beloningen worden aangeboden op Visa-creditcards. Ook maakt PayPal nu digitale middelen beschikbaar voor meer dan 26 miljoen handelaren en gebruikers op zijn platform.

Onlangs kondigde Visa de toevoeging aan van nieuwe functies aan het fintech Fast Track Programma. De nieuwe functies van Visa omvatten de Partner Toolkit en de introductie van een certificeringsprogramma.
Bitcoin Prijs

Op het moment van publicatie handelt Bitcoin tegen $19.355,31, met een 24-uurs handelsvolume van $22.536.618.818 en een marketcap van $359.472.084,31.

In the midst of the pandemic, the economic situation has become more like a deflationary picture than an inflationary one.

The spectre of deflation is haunting the world and monetary authorities in advanced economies are constantly concerned about it.

Speaking specifically of Europe. Falling prices can be seen everywhere, as restrictions due to covid-19 and job insecurity have significantly depressed spending. In Spain, for example, hotel room prices have dropped in some cases by as much as 60% and it is estimated that it could take at least a couple of years for pre-coronavirus prices to return. This is, of course, a big challenge for the European Central Bank and its new director, whose mandate is monetary stability. This crisis is deflationary. That is the main cause of unemployment. However, most bitcoiners are at war with inflation.

What is going on here?

The term „inflation“ always hits an uncomfortable key for many people. This is not the first time I’ve talked about it. And I’m getting used to the fact that the moment I write the phrase, „There is no inflation,“ I start getting hate mail from all over the world. I once shared the 2020 data from the U.S. Consumer Price Index. That is a study conducted by the U.S. Bureau of Labor Statistics and is the official reference for determining the increase in prices of goods and services in the country. Although the U.S. Federal Reserve has done everything possible to raise the inflation figure, achieving the annual 2% target has not been easy.

Anyway, someone on Twitter didn’t like the figure quoted in that article of mine about inflation very much. And, outraged, he claims that there’s too much inflation in Turkey. And he added that real estate in New York is very high, because the apartments are uncollectible. „How are you going to say that there is no inflation,“ that tweeter obviously wrote, very upset with me. Well, I tell you that I understand perfectly the mess I’m getting into when I talk about inflation. Especially within the Bitcoin community, because that’s a very sensitive issue. It’s like talking about the delights of roast beef at a vegan conference.

On Wall Street, inflation is not that important, because the goal there is not to protect against inflation, but to beat the S&P 500. The S&P 500 is used as a reference, because it’s the average. So, it is known that below the S&P 500 we are looking at mediocre performance and above the S&P 500 we are looking at good or excellent performance. In the case of Bitcoin, that seems to be different. According to the dominant narrative, it seems that the goal is to beat the inflation of the dollar. In other words, not to lose that 2% per year. I find it extremely ironic that an asset as lucrative as Bitcoin has such a mediocre narrative. 2%?

That’s the big tragedy? That’s the big problem that Bitcoin solves? Really?

From a personal investment standpoint, the problem of inflation was solved many, many years ago. It’s called „buying assets. If the problem is that 2%, then there are many options. You can buy bonds. But you can also buy a house. Or we can do what many people do. We can invest in the S&P 500. The problem is solved.

Inflation is the general increase in the price of goods and services in a country. If we’re talking about the dollar, we’re talking about the prices of goods and services in the United States. And if we talk about the Euro, we’re talking about the prices of goods and services in Europe. But we must also remember that inflation is an average. If the Chinese restaurant near your house increased its menu, if the price of Coca-Cola increased by two cents, or if the price of real estate in the center of the city increased, that doesn’t mean that inflation in the country has increased.

Now, when we say that the inflation rate in Spain for 2020 is -0.3. We are talking about an official figure that evaluates the evolution of the prices of goods and services in Spain during 2020, using very specific criteria. The fall in demand generates a fall in prices. This in turn affects business income, creating layoffs. This is what we normally call a „crisis“.

Chegando todos os sábados, o Hodler’s Digest ajudará você a rastrear todas as notícias importantes que aconteceram nesta semana. As melhores (e piores) cotações, destaques de adoção e regulamentação, moedas principais, previsões e muito mais – uma semana no Cointelegraph em um link.

Notícias principais desta semana

O preço do Bitcoin atinge um novo recorde à medida que o mercado de criptografia amadurece
Aconteceu! Esta semana, o Bitcoin atingiu oficialmente o máximo de todos os tempos, acima de $ 19.892 pela primeira vez em quase três anos, após aproveitar uma recuperação no fim de semana de Ação de Graças.

Infelizmente, o novo recorde de terça-feira não trouxe os fogos de artifício que muitos esperavam. Os máximos de todos os tempos só foram alcançados em algumas trocas. Logo depois, o BTC sofreu uma rejeição violenta perto de $ 20.000 – caindo para $ 19.000 em menos de 10 minutos.

Após o flash crash , o comerciante de pseudônimo CryptoBull tweetou: “Vale a pena notar que uma oscilação de $ 1.000 é de apenas 5% agora. Ajuste de acordo.“

Mais tarde naquele dia, a Reuters pegou o mundo criptográfico de surpresa após uma história excepcionalmente positiva : “O dólar despenca com as esperanças de estímulo dos EUA; bitcoin atinge o pico de todos os tempos. ” A piscina de mineração mais antiga do mundo mais tarde imortalizou essa manchete em um bloco .

Conforme a semana avançava, o BTC lutou para retornar à alta de $ 19.000 e, na sexta-feira, sofreu mais uma rejeição a $ 19.500 , deixando os traders nervosos

Enquanto alguns acreditam que o BTC está passando por uma fase de consolidação e poderia sofrer outra conexão menor no curto prazo, outros esperam que o nível crucial de $ 18.500 se mantenha – configurando o BTC para um novo teste do nível- chave de $ 20.000 e um novo recorde histórico no próximo futuro.

Instituições apressadas em $ 19.000 Bitcoin conforme o prêmio GBTC atinge o pico de seis meses
A volatilidade do Bitcoin não parece ter assustado as instituições. Na quinta-feira, a demanda dos investidores significava que o Bitcoin Trust da Grayscale estava sendo negociado a um alto preço , tornando-o 35% mais caro do que comprar BTC ao preço de mercado atual.

Os compradores em grande escala ainda estão criando mais demanda do que a oferta pode atender, e uma enorme parede de vendas de US $ 20.000 pode resultar em uma grande transferência de riqueza das baleias para as instituições.

Os dados da Coin98 mostram que 27.881 BTC foi extraído em novembro, mas a escala de cinza atingiu 55.015 BTC ao longo do mês . A gestora de ativos digitais também trouxe de volta sua polêmica campanha “drop gold” , que agora está sendo veiculada nas principais redes dos Estados Unidos.

Em outras notícias, a S&P Dow Jones Indices anunciou que lançará índices de criptomoedas em 2021 – trazendo o Bitcoin para Wall Street. A Coinbase revelou que executou a mega compra de BTC de $ 425 milhões da MicroStrategy em setembro. E o CEO da BlackRock, que tem cerca de US $ 7,4 trilhões em ativos sob gestão, confirmou que o Bitcoin está em seu radar .

O presidente da CoinShares, Danny Masters, também disse à CNBC que o apetite institucional pelo BTC significa que os administradores de portfólio podem ser demitidos em breve por não terem Bitcoin em seu portfólio . A criptomoeda também recebeu um endosso sonoro de, er, Nigel Farage, que descreveu o BTC como „o investimento anti-bloqueio definitivo“.