The post Bitcoin Price Braces For Volatility Ahead Of Chinese Stimulus Speculations, Options Expiry appeared on BitcoinEthereumNews.com.

Este artículo también está disponible en español. 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. Related Reading 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…

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Filed under: News - @ October 12, 2024 6:06 am