The post Options Whales Not Convinced! Short-Term Decline in Bitcoin and Two Altcoins, Expect Rise in XRP! appeared on BitcoinEthereumNews.com.

Bitcoin and altcoins are following the White House Crypto Summit, which will be hosted by Donald Trump today. With the critical summit just around the corner, Trump signed an executive order to establish a Strategic Bitcoin Reserve in the US. White House cryptocurrency advisor David Sacks noted that the reserve would be funded by Bitcoin seized by the government through criminal or civil asset forfeiture, and therefore would not impose any additional cost on taxpayers. This has disappointed investors as the lack of new purchases for now means that the reserve acts as a strategic stock that will not put any buying pressure on the market. Block Scholes said that this situation has caused investors to increase their short-term put options on BTC, Ethereum (ETH) and Solana (SOL), according to Deribit data. However, call options on XRP remain strong. Trump’s failure to meet expectations in the reserve move has increased downside fears, with investors expecting further declines in BTC, ETH, and SOL. Block Scholes research analyst Andrew Melville said that there is heavy demand for put options in the short term on BTC, ETH and SOL, while the situation in XRP remains positive. The options largely reflect the market’s disappointment following Trump’s long-awaited Strategic Reserve executive order, the analyst said. “The short-term trends for BTC, ETH and SOL options are concentrated in put options. However, while the end of April and later maturities are still bullish for BTC and ETH, XRP options are showing a positive trend for all maturities longer than 1 week. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/options-whales-not-convinced-short-term-decline-in-bitcoin-and-two-altcoins-expect-rise-in-xrp/

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Filed under: News - @ March 8, 2025 5:21 am