Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

Bitcoin Traders Scoop Up Options Bets at $65K and Higher

Published

on

bitcoin-traders-scoop-up-options-bets-at-$65k-and-higher

 

The bullish flow is reminiscent of the 2020-2021 bull market when traders consistently snapped up bitcoin calls at levels well above the going market rate.

Move over fears of a bitcoin (BTC) price drop due to so-called overbought technical conditions and potential selling by bankrupt crypto lender Genesis.

Crypto traders are snapping cheap out-of-the-money (OTM) bitcoin calls or bullish options bets at levels around the cryptocurrency’s lifetime high of $69,000.

Advertisement

Over the weekend, many call options at strikes $65,000, $70,000 and $75,000 changed hands on Deribit, the world’s leading crypto options exchange by volumes and open interest. On Deribit, one options contract represents one BTC.

Call options give investors the right to buy the underlying asset at a specific price by a stated date, while puts confer the right to sell. A call buyer is implicitly bullish on the market.

The mass buying of higher strike calls reflects a bullish mood among sophisticated market participants.

“We see a concentration of open interest in $50k calls and have seen flows in $50K, $60K and $75K calls in the listed options markets from April to June maturities”” Kelly Greer, Head of Americas Sales, Galaxy, told CoinDesk in an interview. “These flows demonstrate conviction from buyers willing to pay a premium to take on these positions, suggesting investors have a constructive view on bitcoin.”

Greer added that a similar concentration of activity in the OTM calls at $30,000 and $40,000 in the final quarter of 2023 paved the way for a convincing price rally through those levels.

Advertisement

Positioning in the options market has been a reliable indicator of impending price swings.

The recent bullish flows are reminiscent of the 2020-2021 bull market when sophisticated market participants consistently bought calls at strikes at $80,000 and higher at cheap valuations.

Bitcoin has nearly doubled to $50,000 since early October, with prices rising from $38,500 in the past three weeks, mainly due to strong ETF inflows.

The cryptocurrency’s 14-day relative strength index, a popular technical analysis tool, has jumped above 70, signaling overbought conditions in the bitcoin market. An overbought reading is often taken as a signal of an impending bearish trend reversal, although it only means the market has rallied a little too fast in a short period and may take a breather.“

“Bitcoin posted its seventh consecutive day of gains, but the strengthening slowed over the weekend. It also coincided with a move above 70 on the RSI on the daily timeframes, which could increase players’ appetite for short-term profit-taking. Caution is also building as we approach the January peak,” Alex Kuptsikevich, senior analyst at FxPro, said in an email Monday.

Advertisement

Besides, a looming concern is that failed crypto lender Genesis’ forced sale of $1.6 billion in bitcoin, ether and ethereum classics could drive prices lower. Genesis recently filed a motion asking a U.S. judge to approve the sale of the above-mentioned cryptocurrencies held in Grayscale’s trust products.

Source: coindesk.com

The post Bitcoin Traders Scoop Up Options Bets at $65K and Higher appeared first on HIPTHER Alerts.

Continue Reading
Advertisement

Blockchain

Blocks & Headlines: Today in Blockchain – April 25, 2025 | BitNile, Dutch Blockchain Week, Citigroup, Philippine Blockchain Week, D.O.G.E Foundation

Published

on

blocks-&-headlines:-today-in-blockchain-–-april-25,-2025-|-bitnile,-dutch-blockchain-week,-citigroup,-philippine-blockchain-week,-dog.e-foundation

 

Blockchain’s metamorphosis from niche ledger technology to the backbone of Web3 has never been more evident. Today, we cover five stories that illustrate the evolving ecosystem: a gaming platform issuing its own token on Solana; Europe’s marquee Web3 summit; a major bank forecasting a “ChatGPT moment” for blockchain; a Southeast Asian conference aimed at busting crypto myths; and a foundation rebuilding blockchain from the ground up to solve scalability. Each development—whether product launch, industry gathering, macro forecast, educational initiative, or infrastructure innovation—offers a window into the trends shaping decentralized finance, NFTs, DeFi, and beyond.


1. BitNile.com to Launch Nile Coin on Solana

News Summary
Hyperscale Data’s subsidiary BitNile.com will introduce the Nile Coin on Solana starting May 1, 2025. The U.S.–based social gaming site chose Solana for its high throughput and low fees, aiming to enhance in-game economies, reward engagement, and deliver seamless micro-transactions. Details on tokenomics and governance are forthcoming, but management touts Nile Coin as a cornerstone of future gaming experiences.
Source: CoinTrus

Analysis & Commentary
Launching a proprietary token underscores two converging trends: the gamification of finance and finance-ification of gaming. By minting Nile Coin, BitNile.com taps into DeFi mechanics—staking, liquidity pools, NFT rewards—while leveraging Solana’s scalability. Strategically, BitNile.com positions itself for partnerships with NFT marketplaces and DeFi protocols, potentially opening secondary markets for in-game assets and generating new revenue streams beyond ad sales or subscription fees.

Advertisement

2. Dutch Blockchain Week 2025 Gears Up in Amsterdam

News Summary
From May 19–25, Amsterdam will host the sixth annual Dutch Blockchain Week, culminating in the two-day summit (May 21–22) at De Meervaart. Tier 1 exchanges (Bitvavo, Kraken, Coinbase), Web3 pioneers (WOW.ai, Blockrise), regulators (European Commission, De Nederlandsche Bank), and industry partners (Mastercard, Deloitte) will convene. Side events range from AI-powered hackathons tackling compliance to padel networking meetups—underscoring the event’s blend of technology, policy, and community.
Source: Dutch Blockchain Week

Analysis & Commentary
Dutch Blockchain Week typifies the maturation of blockchain conferences into multidisciplinary forums. Beyond token talk and yield farming, panels on regulation, institutional adoption, and security reflect Web3’s integration into mainstream finance. Anticipate announcements on CBDC pilots, DeFi compliance frameworks, and cross-chain interoperability projects that may emerge from the Block & Order Hackathon.


3. Citigroup Predicts Blockchain’s “ChatGPT Moment”

News Summary
In an April 23 report, Citigroup analysts argue that 2025 could be blockchain’s “ChatGPT moment,” driven by regulatory clarity around stablecoins and integration with traditional financial systems. They forecast stablecoin market capitalization ballooning to $1.6 trillion (base case) or as much as $3.7 trillion (bull case) by 2030—anchored by dollar-denominated issuers and collateralized with U.S. Treasuries. Regulatory frameworks like the GENIUS Act could catalyze adoption among banks and fintechs.
Source: Cointelegraph

Analysis & Commentary
Drawing parallels to generative AI’s explosive growth, Citigroup envisions a tipping point where blockchain moves from experimental to essential infrastructure.  Successful integration will hinge on robust compliance tools, auditability, and clear governance models. Enterprise blockchain vendors should prepare for surging demand in tokenized payments, on-chain settlements, and embedded DeFi rails within legacy systems.


4. Philippine Blockchain Week 2025 Debunks Crypto Myths

News Summary
Scheduled for June 10–11 at SMX Convention Center Manila, Philippine Blockchain Week (PBW) 2025 will tackle misinformation and spotlight real-world use cases. Highlights include “Crypto, Unpacked” sessions demystifying the technology; “Smart Regulation” panels uniting policymakers and innovators; and “Blockchain for Impact” showcases on remittances, disaster relief, and digital identity. Founding President Donald Lim emphasizes government support and public–private collaboration to spur inclusive growth.
Source: UseTheBitcoin

Advertisement

Analysis & Commentary
PBW exemplifies how emerging markets leverage education to accelerate Web3 adoption responsibly. By engaging regulators early, PBW can shape balanced frameworks that encourage innovation while protecting consumers—an instructive model for markets wrestling with both hype and skepticism.


5. D.O.G.E Foundation Launches New Blockchain, Opens Seed Round

News Summary
The D.O.G.E Foundation announced a ground-up blockchain rebuild designed to solve the scalability and reliability challenges plaguing existing networks. This modular architecture separates validation from execution to enable parallel transaction processing—targeting real-time gaming, DeFi under high load, and AI-driven applications. A seed funding round is now open to investors who share the vision of a performant, decentralized infrastructure.
Source: D.O.G.E Altcoin GlobeNewswire

Analysis & Commentary
As layer-1 congestion and high gas fees persist, new entrants must justify a “why now” with clear architectural advantages. If the D.O.G.E blockchain delivers real-world throughput and maintains decentralization, it could spur a renaissance of high-performance DeFi protocols and NFT platforms hungry for cost-effective base layers.


Conclusion & Key Takeaways

  1. Tokenization of Entertainment: BitNile’s Nile Coin on Solana highlights blockchain’s expansion into gaming economies and NFT reward systems.

  2. Convergence of Tech, Policy & Community: Dutch Blockchain Week showcases Web3’s evolution into an ecosystem engaging regulators, enterprises, and developers under one roof.

  3. Mainstream Inflection Point: Citigroup’s “ChatGPT moment” thesis suggests blockchain is poised for exponential adoption given regulatory support.

  4. Education as Catalyst: Philippine Blockchain Week’s myth-busting curriculum underscores the importance of public–private dialogue in emerging markets.

  5. Infrastructure Innovation: The D.O.G.E Foundation’s modular, high-throughput chain exemplifies the next wave of layer-1 networks addressing real-time, real-world use cases.

Today’s stories convey that blockchain’s next chapter will be written through strategic token launches, global convenings, regulatory clarity, educational outreach, and radical infrastructure redesign. By tracking these threads, industry participants can anticipate opportunities in DeFi, NFTs, Web3 games, and enterprise integration. Stay tuned for tomorrow’s Blocks & Headlines, where we’ll continue to decode the innovations shaping decentralized finance.

The post Blocks & Headlines: Today in Blockchain – April 25, 2025 | BitNile, Dutch Blockchain Week, Citigroup, Philippine Blockchain Week, D.O.G.E Foundation appeared first on News, Events, Advertising Options.

Advertisement
Continue Reading

Blockchain

Chameleon Finance Launches Green Finance Initiative to Advance Sustainable Digital Asset Infrastructure

Published

on

chameleon-finance-launches-green-finance-initiative-to-advance-sustainable-digital-asset-infrastructure
Continue Reading

Blockchain

Ov Finance Upgrades Blockchain Infrastructure to Deliver Faster, Safer Digital Asset Trading

Published

on

ov-finance-upgrades-blockchain-infrastructure-to-deliver-faster,-safer-digital-asset-trading
Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE