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Real Vision: Finance & Investing
Are Crypto Bulls Ready to Charge? With Imran Lakha
Oct 24, 2023
Imran Lakha, founder of Options Insight, discusses the current state of markets, opportunities in tech, and trader positioning in the options market. Ash Bennington joins to talk about the recent spike in bitcoin. They explore the recent price action of Bitcoin, regulatory developments, differences between crypto and traditional capital markets, options trading strategy, crypto correlation, big tech earnings preview, and bearish sentiment.
36:32
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Quick takeaways
- Positive positioning in the derivatives market and speculation of an ETF approval from BlackRock drove the recent surge in Bitcoin, but the sell-off indicated potential buying opportunities if the approval eventually happens.
- Options activity, technical analysis, call overwriting strategies, and buybacks of short positions contributed to the recent price volatility of Bitcoin and Ethereum.
Deep dives
Bitcoin volatility and ETF speculation
Bitcoin has experienced significant price movements recently, reaching as high as $35,000 and experiencing a breakout of 11% in 24 hours. This surge in price was driven by positive positioning in the derivatives market and speculation of an approval for a spot Bitcoin ETF from BlackRock. The market saw a sell-off when it was revealed that the approval was not imminent, indicating that the ETF approval was not fully priced in and there could be potential buying opportunities if it eventually gets approved.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode