Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Bitcoin Price Braces For Volatility Ahead Of Chinese Stimulus Speculations, Options Expiry — TradingView News
    Cryptocurrency

    Bitcoin Price Braces For Volatility Ahead Of Chinese Stimulus Speculations, Options Expiry — TradingView News

    October 11, 20243 Mins Read


    Bitcoin (BTC) may experience increased volatility in the coming days, driven by speculation surrounding another Chinese fiscal stimulus announcement and the expiration of BTC options worth $1.1 billion.

    Chinese Stimulus Measures To Help Bitcoin?

    According to the State Council Information Office, China’s Finance Minister, Lan Fo’an, is expected to provide details on upcoming fiscal stimulus measures during a press conference on Saturday. These measures aim to stimulate economic activity in the country.

    On September 24, the People’s Bank of China (PBoC) cut interest rates on existing mortgages by 0.5% and lowered reserve requirement ratios for banks to boost market liquidity. 

    The global crypto market is increasingly paying attention to China’s stimulus plans, as enhanced liquidity could positively impact the prices of digital assets like BTC.

    While the announcement is anticipated, confirmation of another round of fiscal measures, especially if they exceed market expectations, could significantly boost risk-on assets like Bitcoin. 

    In addition, if the US Federal Reserve (Fed) decides to cut key interest rates further, it could increase investor appetite for riskier assets, including digital currencies known for their volatility.

    Currently, prediction markets are speculating at least another 50 basis points (bps) cut in interest rates by the end of the year. Such a move would increase global liquidity and help BTC avoid a capitulation that could cause its price to crash into the high $40k range.

    BTC Options Expiry Could Trigger Price Volatility 

    Another factor that could impact Bitcoin’s price volatility is the $1.1 billion worth of 18,000 BTC options set to expire on October 11. At press time, the put-call ratio is 0.91, indicating a slight tilt toward put options.

    With Bitcoin hovering around $60,000, the chances of reaching the “max pain” price of $62,000 are growing. For those who are uninitiated, “max pain” refers to the price level where the most options traders are likely to incur losses.

    While Bitcoin has recently benefited from global interest rate cuts, geopolitical tensions in the Middle East and uncertainty surrounding the U.S. presidential election in November have made it difficult to predict BTC’s future price movement.

    Despite the challenges above, some trading firms and crypto analysts are confident about the resiliency of digital assets and the potential for a Q4 2024 crypto rally.

    For instance, crypto trading firm QCP Capital noted that Bitcoin’s swift recovery following the Iranian offensive against Israel indicated its strong demand among investors.

    Similarly, Bitwise CIO Matt Hougan outlined three major factors that could help the BTC price “melt-up” to a new all-time-high (ATH) of close to $80,000 in Q4 2024. BTC trades at $62,086 at press time, up 2.7% in the last 24 hours.

    bitcoin



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Currency Dominance in the Digital Age

    Cryptocurrency

    Federal Report Charts Path For U.S. To Dominate World Cryptocurrency Market

    Cryptocurrency

    XRP offers bigger potential with just $500

    Cryptocurrency

    DL Mining redefines cryptocurrency extraction like XRP with an AI-enhanced cloud platform

    Cryptocurrency

    How Does Cryptocurrency Actually Work Behind The Scenes?

    Cryptocurrency

    What Is Cryptocurrency And Why Is It Changing The Way We Think About Money?

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Property

    US property market offers promises and pitfalls

    Commodities

    SA’s agricultural exports reach US$3,36 billion 

    Property

    UK property sales activity at highest level since 2020 boom

    Editors Picks

    Donald Trump boosts crypto with new Strategic Bitcoin Reserve

    March 14, 2025

    Sirius Real Estate conclut des accords de parcs d’affaires pour 43 millions d’euros

    May 29, 2025

    Redburn Atlantic relève Nasdaq à l’achat, séduit par sa stratégie fintech

    April 17, 2025

    Understanding ethereum’s price and its impact on cryptocurrency

    August 6, 2024
    What's Hot

    A Step Toward Regulatory Clarity

    February 25, 2025

    Ivanhoe peut renforcer l’emprise de la Chine sur le cuivre raffiné produit en RDC

    February 19, 2025

    AEW’s Bryan Danielson Weighs In On WWE Star John Cena’s Retirement

    August 16, 2024
    Our Picks

    NCDEX plans foray into equity & derivatives with Rs 400-600 crore investment: Report – Commodities News

    February 12, 2025

    SecureShift – Offering A New Realm of Secure Cryptocurrency Trading

    April 5, 2025

    Former Dallas Cowboys WR Tavon Austin announces retirement from NFL

    August 13, 2024
    Weekly Top

    Canadian Utilities Second Quarter 2025 Earnings: Misses Expectations

    August 3, 2025

    Property of the week: Historic country house in Upwey

    August 3, 2025

    Small Mistakes Add Up. 4 Mistakes to Avoid When Investing for Retirement.

    August 3, 2025
    Editor's Pick

    Bellrock Acquires Summers-Inman to Strengthen National Property Consultancy Presence

    July 3, 2025

    Gold price dips Rs 10 to Rs 71,500, silver falls Rs 100 to Rs 83,400 | Commodities

    August 16, 2024

    WHAT PENNSYLVANIANS ARE SAYING: MCCORMICK’S “ALARMING” RECORD INVESTING IN FENTANYL IS “BEYOND DISQUALIFYING”

    August 5, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.