Bitcoin
Term bias options crashed during the first Asian hours while merchants sought down protection in increasing tensions in the Middle East, which caused a strong increase in oil prices
The seven -day bias, which measures the relative wealth of BTC calls that are quoted in abandonment, slid to -3.84%, the lowest since April 16, according to the Amberdata data source. In other words, the bitch options that offer downward protection became the most expensive in relation to calls in three months. Put’s demand also pushed the biases of 30 and 60 days to the negative territory.
Merchants generally buy sales options when they seek to cover their long positions in the futures or futures market, or benefit from a decrease in the expected price.
The price of Bitcoin fell to its single mobile average of 50 days (SMA) to $ 103,150, which extends the losses of 24 hours to 4.59%, according to Coendesk data. Prices briefly exceeded the $ 110,000 brand earlier this week. The Bulls could be waiting for the 50 -day SMA to remain, since a possible decrease below could attract more sellers, as observed after the support was broken in February.
The WTI oil canyon price increased more than 6% to $ 74.30 per barrel, reaching the highest from February 3 and extending the weekly gain to 13%, according to Data Fouring TradingView. The movement occurred after Israel directed air attacks on Iran, supposedly establishing a reprisal missile action of Tehran.
Inflationary impulse
The sudden peaks of oil prices tend to generate an inflation impulse throughout the world and the last one could do it, while the commercial war of President Donald Trump threatens to fly the economy and inject inflation, particularly in the countries of net sports.
All this could abolish the expectations of the cuts of the fees of the Fed, which adds to the downward volatility in actions and cryptocurrencies. At the time of writing, the futures linked to the S&P 500 quoted 1.5% lower in the day.
