- Bitcoin price structure improves after options expiry, says Negentropic.
- Macro factors aid Bitcoin’s market.
- Constructive trend with diminished hedging influences.
Glassnode co-founder Negentropic highlighted on December 26th that Bitcoin’s recent price structure exhibits positive shifts, primarily due to the resolution of a major Bitcoin options expiration event.
This shift allows Bitcoin’s price to reflect actual market dynamics, lifting previous price suppression and potentially influencing future market movements as macroeconomic factors continue to evolve.
Price Trends and Macro Factors Driving Bitcoin’s Market
Market reactions varied with notable activity, as firms increased Bitcoin holdings while medium-term sellers offloaded. Michael Saylor observed structural shifts contributing to an upward market trajectory. Bitcoin’s potential rise remains under watch by key market analysts.
During the December 19 options expiry, a similar gamma flush led to breakouts above $90,000, showcasing the volatility potential in Bitcoin price actions after major expirations.
Matthew Sigel, Head of Digital Assets Research at VanEck, noted, “Corporations buy the dip as ETPs fade,” highlighting DAT accumulation amid ETP outflows and miner capitulation.
Market Data and Future Insights
Did you know? The clearing of mechanical hedging influences can lead to more genuine price movements in Bitcoin.
Bitcoin (BTC) is priced at $86,951.43, holding a market cap of $1.74 trillion and a dominance of 59.19%. Recent trading saw a 24-hour volume of $39.70 billion. However, Bitcoin experienced a 1.09% decrease in the last 24 hours, with broader declines observed over longer periods, as per data from CoinMarketCap.
The Coincu research team emphasizes that ongoing fiat currency expansion and derivative clearance could reinforce bullish Bitcoin trends. Observed price corrections may serve as a setup for future highs, contingent on macro-liquidity dynamics and investor positioning.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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