[Binance OTC Weekly]

OTC Weekly Trading Insights
https://www.binance.com/en/feed/post/1969470808530

As discussed in the last two posts, our OTC desk expects the BTC price trades sideways in the near term while ETH price has a significant move based on the implied volatility observation. Now the data signals the altcoin season is arrived as the IVs of ETH options are higher than the IVs of BTC options.

Our OTC desk wishes you a Happy New Year and looks forward to assisting you with your trading needs in 2024!

Do get in touch with the trading team here for any RFQs, have a great year ahead!

[Binance OTC Weekly]

OTC Weekly Trading Insights
https://www.binance.com/en/feed/post/2288443708769

In the review of the first week of 2024, we discuss whether the most recent 10% pullback in BTC has hit a resistance level, and what the options market could be indicating for BTC vs ETH. We also identify one of the big movers this week which it an all-time high despite the market selloff.

Happy New Year!

Do get in touch with the trading team here for any RFQs, have a great year ahead!

[Binance OTC Weekly]

OTC Weekly Trading Insights
https://www.binance.com/en/feed/post/2857699881769

Binance OTC desk analyzes the BTC price action following the US SEC's approval of the BTC spot ETF last week and shares insights from the change in Convert trading volume. Please feel free to leave feedback or comments on our post on Binance Square.

Do get in touch with the trading team here for any RFQs, have a great week ahead!

[Binance OTC Weekly]

OTC Weekly Trading Insights
https://www.binance.com/en/feed/post/3166911963033

Binance OTC desk analyzes the recent selloff in BTC and ETH. In this week's commentary, our desk explores options market data to identify market sentiment. We also highlight market demand shifts resulting from trading volume change on Convert. If you have any feedback or comments, please leave them on our post on Binance Square.

Do get in touch with the trading team here for any RFQs, have a great week ahead!

[Binance OTC Weekly]

OTC Weekly Trading Insights
https://www.binance.com/en/feed/post/3521132100794

We analyze the rebound in BTC and ETH last week. In this week's commentary, our desk explores options market data to identify market sentiment. We also highlight market demand shifts resulting from trading volume change on Convert.

Please leave your comments and feedback on our post on Binance Square. Comment in the post if you would like analysis on other coins as well!

Do get in touch with the trading team here for any RFQs, have a great week ahead!

Binance OTC Launches Options RFQ

Options RFQ allows users to submit a Request for Quote (RFQ) for options trades directly with the Binance OTC Trading Desk.

- Institutional-grade liquidity
- large size options OTC
- Competitive prices
- ZERO FEE

For more details:
Binance OTC: https://www.binance.com/en/otc
Options RFQ: https://www.binance.com/en/OTC-Trading/OptionRFQ

Announcement: Binance OTC Launches Options RFQ
https://www.binance.com/en/support/announcement/b33ede5dcb5d42e5b6fd83cb10822864

[Binance OTC Weekly]

OTC Weekly Trading Insights
https://www.binance.com/en/feed/post/3788847077218

As we are approaching the Lunar New Year holidays, our desk sees trading flow slightly muted in general. BTC and ETH are consolidating in the current range, and low IVs of BTC and ETH options suggest both assets will trade in tight ranges into the holiday season.

Binance OTC desk would like to take this chance to thank you for trading with us, and we wish you a Happy Lunar New Year!

Do get in touch with the trading team here for any RFQs, have a great week ahead!

[Binance OTC Weekly]

OTC Weekly Trading Insights
https://www.binance.com/en/feed/post/4137781771105

BTC price rallied during the Lunar New Year holidays, driven by the seasonal bullish sentiment and continuous inflows from the spot ETFs.

Genesis received court permission today to sell $1.3 billion in GBTC to compensate its creditors. The potential sale may put some pressure on the Bitcoin price. Our desk discusses in this week's post why we believe it may cause market pullbacks but not a large-scale correction.

Do get in touch with the trading team here for any RFQs, have a great week ahead!

Complete trades on #Binance Options RFQ to earn up to $2,100 in $USDT token vouchers

Options RFQ is the newest feature launched by Binance OTC, allowing you to get custom price quotes.

Learn more 👉 https://www.binance.com/en/support/announcement/trade-on-binance-options-rfq-stand-a-chance-to-get-up-to-2-100-usdt-in-token-vouchers-7951f094eff84445971fff7d7d071f3f

[Binance OTC Weekly]

Bitcoin hit an all-time high of $69,000 before falling 14.5% in just 5 hours. What happens next?

Our desk examined the market structure and the BTC options market, and we believe the BTC upward trend is still intact. Bitcoin could rise above $70,000 in the coming months.

For more details, please check our OTC Weekly Trading Insights
https://www.binance.com/en/feed/post/5027333484729

Do get in touch with the trading team here for any RFQs, have a great week ahead!

[Binance OTC Weekly]

Is 73,000 the new norm for BTC? Where will markets take BTC in this new cycle peak? We explore what the market is signalling for BTC and ETH in the coming weeks and the biggest moves of the week outside of the majors.

For more details, please check our OTC Weekly Trading Insights
https://www.binance.com/en/square/post/5338218088514

Do get in touch with the trading team here for any RFQs, have a great week ahead!

[Binance OTC Weekly]

The cryptocurrency market has seen a sharp selloff. In this week's commentary, we discuss one possible explanation for the sharp selloff and our observations from the options market. We also discuss the possible path of the Bitcoin price in the coming weeks.

For more information, please see our OTC Weekly Trading Insights.
https://www.binance.com/en/square/post/5645202087153

Do get in touch with the trading team here for any RFQs, have a great week ahead!

[Binance OTC Weekly]

This week, we explore what the data is showing on the diverging sentiment between BTC and ETH, post the recent price retracements and Fed dovish comments.

For more information, please see our OTC Weekly Trading Insights.
https://www.binance.com/en/square/post/5960245189586

Do get in touch with the trading team here for any RFQs, have a great week ahead!

[Binance OTC Weekly]

This week, we discuss the sharp sell-off that occurred last weekend, as well as the key support levels for the BTC price for the upcoming halving event, with the risk backdrop of rising Middle Eastern tensions.

Our desk noticed the risk-averse trading behaviour on the options market and shared our expectations for the performance of both BTC and ETH in the coming months.

For more information, please see our OTC Weekly Trading Insights.
https://www.binance.com/en/square/post/6881744234849

Do get in touch with the trading team here for any RFQs, have a great week ahead!

[Binance OTC Weekly]

As we've mentioned in previous posts, the $60k - $61k range is a high demand zone for Bitcoin. Following the halving, the IVs of BTC options fell back to the 60% range, where we expect them to remain until gradually falling back to the 50% range in the coming months. The BTC price may remain sideways for the next few months.

Interestingly, the IVs of ETH options remain high, and the IV difference between ETH and BTC options has widened. It could be the first signal of the long-awaited altcoin season.

For more information, please see our OTC Weekly Trading Insights.
https://www.binance.com/en/square/post/7194988711834

Do get in touch with the trading team here for any RFQs, have a great week ahead!

[Binance OTC Weekly]

BTC has been in a downward trend since April, and the break of the strong support level of $60k opens the door to further losses. The current support level is $56k/57k, while the lower support level is $51k/52k.

The bearish sentiment was also observed in the options market. Both BTC and ETH options have an extremely negative skew in the short and intermediate tenors. Fed Chairman Powell stated that no rate hikes were considered, but he did not provide any information on the rate cut schedule.

Our desk believes that bearish sentiment will persist in the market in the coming weeks. Investors should protect the downside risks of their portfolios .

For more information, please see our OTC Weekly Trading Insights.
https://www.binance.com/en/square/post/7545116570409

Do get in touch with the trading team here for any RFQs, have a great week ahead!

[Binance OTC Weekly]

BTC rebounded strongly from $56.5k following the FOMC meeting, but was unable to extend its gain above $65,000. The downward channel is now acting as support, and BTC may retest the $60k strong demand zone and even the $58k support level as bearish sentiment dominates the market.

Following the last two halvings in 2016 and 2020, BTC has traded sideways for 2 to 3 months. In the options market, our desk notices a larger IV difference between BTC and ETH options, which could indicate the start of the altcoin season.

For more information, please see our OTC Weekly Trading Insights.
https://www.binance.com/en/square/post/7813444448265

Do get in touch with the trading team here for any RFQs, have a great week ahead!

[Binance OTC Weekly]

Following the cooler US CPI data last week, our desk observed a shift in sentiment from bearish to neutral. With the SEC's unexpected action on ETH spot ETFs on Monday, the odds of ETH ETF approval by the end of May increased from 25% to 75%. The rising odds encouraged investors and traders to acquire ETH on the market. Following the news, ETH surged over 20% in 12 hours.

However, our desk noticed a negative risk reversal on near-term ETH options, indicating that traders are taking profits and purchasing puts for downside protection. Our team expects the prices of BTC and ETH to consolidate here before the SEC approves the ETH ETFs. Furthermore, if BTC can clear the supply zone between $71.5k and $73.5k, we will see the next leg up in BTC price to $100k by the end of the year.

For more information, please see our OTC Weekly Trading Insights.
https://www.binance.com/en/square/post/8431434850257

Do get in touch with the trading team here for any RFQs, have a great week ahead!

[Binance OTC Weekly]

After the SEC approved 19b-4 forms on ETH spot ETF applications, it is only a matter of time before ETH ETFs are listed on the stock exchange for investors. ETH's price is currently compressed below $4,000, and we believe that the SEC's final approval of ETH ETFs will help ETH clear the $4,000 hurdle and have another 10% room to go.

Our observations in the options market indicate that market sentiments on both BTC and ETH are bullish, with a more bullish outlook for both assets in the next two months. This observation confirms our previous prediction that the market correction that began in March is coming to an end, and that BTC may reach a new all-time high this summer, paving the way for the start of the altcoin season.

For more information, please see our OTC Weekly Trading Insights.
https://www.binance.com/en/square/post/8739782706362

Do get in touch with the trading team here for any RFQs, have a great week ahead!

[Binance OTC Weekly]

This Wednesday, we witnessed two event-driven impulses in the BTC and the border crypto market. The lower CPI data in May boosted market confidence in the Federal Reserve's rate cuts this year, and BTC rose more than 2% as a result. A few hours later, the FOMC kept interest rates unchanged at its June meeting and revised its dot plot to show only one rate cut in 2024. The uncertainty about whether the Fed will cut rates this year caused a retracement in the cryptocurrency market. BTC gave up all of its gains after the CPI news and traded lower before the US market closed.

Our desk believes the Bitcoin upward trend remains intact in the high time frame, while BTC will trade sideways below $72k in the short term. We believe that the price of Bitcoin will break the $72k/73k resistance and reach $85k before the US presidential election.

https://www.binance.com/en/square/post/9405498817433

Do get in touch with the trading team here for any RFQs, have a great week ahead!