Rete Switcheo – Comprendi come funziona Zilswap

Zilswap è un protocollo decentralizzato che consente agli utenti di scambiare token ZRC-2 su Zilliqa.

Nel nostro precedente articolo di questa serie, abbiamo spiegato come puoi scommettere su Switcheo Exchange.

In questo articolo, ci concentreremo sul prodotto ZilSwap supportato dalla rete

Switcheo Network ti consente di scambiare i token ZRC-2. Puoi anche fornire liquidità in un pool esistente o crearne uno nuovo. Il protocollo Zilswap supportato da Switcheo Network è un protocollo completamente decentralizzato che consente agli utenti di scambiare token ZRC-2 su Zilliqa .

Zilswap si avvale di un Autonomous Market Maker (AMM) basato sulla formula del prodotto costante (x * y = k) proposta per la prima volta da Vitalik Buterin .

L’attività di swap viene svolta contro i pool di liquidità e le transazioni possono essere eseguite completamente on-chain.

Per utilizzare Zilswap, vai alla pagina della piattaforma .

Fare clic sull’icona Zilpay. Ti darà due opzioni per la configurazione del portafoglio

Se sei un nuovo utente, fai clic su Crea.

Ti mostrerà una frase di backup di 12 parole che devi memorizzare in modo sicuro.

L’applicazione ti chiederà di verificare la frase di backup. Una volta verificato, ti chiederà di impostare la password dell’account. Fallo e poi è fatto.

US Congress in panic over cryptos: the STABLE Act, a banking Trojan?

MP Rashida Tlaib, backed by two of her peers, Jesus Garcia and Stephen Lynch, has tabled a bill relating to stablecoins. The STABLE Act – Stablecoin Tethering and Bank Licensing Enforcement Act – intends to regulate the issuance of stablecoins in the United States.

Issuers of stablecoins assimilated to banks?

The STABLE Act intends to regulate the issuance of stablecoins by requiring the obtaining of a banking license before even considering the launch of a stablecoin.

The stated aim of this proposed law would be to “protect low-income households who invest in stablecoins” . Companies issuing these currencies do not follow the same rules as banks, which could be detrimental to individuals, according to the authors of the bill .

„We cannot outsource the issuance of US currency to private entities and the Crypto Bull ensures that our regulators will be able to effectively oversee the deployment of this new technology (stablecoins).“

This necessarily echoes Libra’s re-branding towards Diem, who is seeking to issue a dollar-backed stablecoin . This project is often highlighted by US regulators as a potential threat to the stability of the financial system .

Draconian regulations for stablecoin issuers

The STABLE Act, if passed, would rest on four pillars:

Any issuer of stablecoins must obtain a banking license ,
Companies issuing stablecoins will have to comply with existing banking regulations ,
Companies issuing stablecoins will have to obtain authorization from the central bank and their benchmark banking partner ,
Approval must be obtained at least 6 months before the launch of its services,

The project would also require issuers of stablecoins to maintain sufficient reserves in dollars , consigned to the central bank . All the tokens issued should thus be able to be converted into dollars at any time.

The announcement of this bill sparked strong reactions on Twitter . On the one hand, because the drafters of the text position themselves as the protector of the most disadvantaged against cryptoassets. On the other hand, because this bill could represent, once again, a brake on innovation .

In view of the political calendar, it seems that this law will not be seriously discussed for several months, and that it is unlikely to be passed as it is. Indeed, the current parliamentary session is coming to an end in less than a month. If the debates are not finished by this date, the project will have to be proposed again to Congress in January.

Lang erwartete Einführung der Facebook-Libra

Lang erwartete Einführung der Facebook-Libra nach umfangreichen Überarbeitungen

Die Libra-Krypto-Währung von Facebook nähert sich endlich ihrem Starttermin, der schon im Januar 2021 liegen könnte.

Laut FT planen Facebook und der Rest der in Genf ansässigen Waage-Vereinigung, in den kommenden Monaten eine auf Dollar basierende stabile Münze auf den Markt zu bringen.

Die Einführung der bei Bitcoin Bank einzigen Stablecoin ist eine verkleinerte Version des ursprünglichen Plans der Vereinigung, mehrere Stablecoins auf den Markt zu bringen, die durch verschiedene traditionelle Währungen gestützt sind.
WERBUNG

Die Entscheidung der Libra Association, die Einführung einer ehrgeizigeren Kryptowährung zu verschieben, ist zum Teil auf regulatorische und politische Kritik zurückzuführen.

Zukunft des Zahlungsverkehrs in Europa

Fabio Panetta, Vorstandsmitglied der Europäischen Zentralbank (EZB), kritisierte am Freitag auf der Konferenz der Deutschen Bundesbank zur Zukunft des Zahlungsverkehrs in Europa die rasante Ausgabe von Stablecoins verschiedener großer Technologieunternehmen und bekräftigte damit seine Meinung, dass solche digitalen Zahlungsoptionen große Risiken für die Verbraucher bergen.

„Wie ich bereits früher argumentiert habe, werfen Stablecoins Bedenken hinsichtlich des Verbraucherschutzes und der finanziellen Stabilität auf. Tatsächlich kann der Emittent einer Stablecoin die Gewissheit über den Wert des Zahlungsinstruments, das er den Verbrauchern anbietet, nicht garantieren. Eine solche Garantie kann nur von der Zentralbank gegeben werden.“

Panetta setzt sich weiterhin für eine flüssige und anpassungsfähige Reaktion der Zentralbanken auf die, wie er es nennt, „digitale Transformation“ des Zahlungsverkehrs ein. Das Vorstandsmitglied der EZB betont, dass es die Zentralbanken sind, die die wichtigste Rolle bei der Bestimmung des Verlaufs der Währungsrevolution spielen sollten, und nicht die Technikgiganten.

„Die digitale Transformation löst eine Revolution im Finanzsektor aus, die Innovation, aber auch Risiken mit sich bringen wird. Vor allem große Techs und Stablecoins könnten das europäische Finanzsystem stören. Und während sie bequeme und effiziente Zahlungslösungen anbieten könnten, riskieren sie auch eine Gefährdung des Wettbewerbs, der Privatsphäre, der finanziellen Stabilität und sogar der Währungssouveränität…

In dem Maße, wie privates Geld digital wird, muss auch souveränes Geld neu erfunden werden. Dazu muss Zentralbankgeld unter allen Umständen verfügbar bleiben – natürlich in Form von Bargeld, aber möglicherweise auch als digitaler Euro“.

Trotz internationaler Gegenreaktionen planen die 27 Mitglieder der Waage-Vereinigung, zu denen auch Facebook gehört, zu einem späteren Zeitpunkt zusätzlich zu ihrer Dollar-Münze noch stabilere Münzen auf den Markt zu bringen.

Der er kun to modstande tilbage, før Bitcoin indstiller friske all-time højder

Bitcoin har set en hidtil uset volatilitet i løbet af de sidste par dage, hvor dens opstigning nåede et kogepunkt i går aftes, da tyre steg op og sendte den til at flyve til højder på $ 18.600

Salgspresset her var ret intenst og fik det hurtigt til at se et salg
Inden for få minutter faldt prisen fra højder på $ 18.600 til laveste på $ 17.400, med støtten her, der udløste en skarp rebound
Det har siden stabiliseret sig og konsolideres lige under $ 18.000, hvor de kortsigtede tekniske udsigter forbliver stærke
En analytiker bemærker nu, at der kun er to vigtige modstandsniveauer tilbage, før kryptokurrency sætter nye all-time højder
Disse niveauer kan brydes hurtigere end investorerne forventer

Mens han delte sine tanker om, hvor Bitcoin Evolution kan udvikle sig på kort sigt, forklarede en analytiker, at der kun er to modstandsniveauer tilbage, før det sætter nye, heltidshøjder.

Bitcoin har set nogle vilde prishandlinger gennem de sidste par dage og uger. Tyre har forsøgt at kontrollere sin tendens og sendt den til højder på $ 18.600 sent i går aftes.

Disse højder var dog kortvarige, og en massiv tilstrømning af salgstryk stoppede kryptovalutaen i dens spor. Inden for få minutter faldt prisen over $ 1.000 og kastede sig ned i regionen med lavere $ 17.000.

Det er siden kommet tilbage og er blevet konsolideret under $ 18.000.

En erhvervsdrivende bemærker nu, at der virkelig kun er to modstandsniveauer tilbage, som kryptoen skal bryde for at den kan sætte nye højder.

Han peger på $ 18.900 og $ 20.000 og bemærker, at over dette niveau er det klar himmel indtil næsten $ 24.000.

Fordi tyre har vist styrke de sidste omkring 80 dage, er der en stærk mulighed for, at et skub op mod dette niveau er nært forestående på kort sigt.
Bitcoin trækker sig tilbage fra daglige højder, når sælgere prøver at vende opadgående tendens

Bitcoins uptrend blev overophedet i går aftes, da tyre sendte den til $ 19.000. Det handler nu markant ned fra disse højder.

I skrivende stund handles BTC med knap 1% til den nuværende pris på $ 17.530. Dette markerer en lille stigning fra daglige nedture på $ 17.400, men en næsten fuld sletning af gevinsterne set, da den sendte sin „V-formede“ opsving i går aftes.
Analytiker: BTC har kun to modstandsniveauer tilbage før nye højder

”BTC: Bare tryk på udvidelsen 1 til 1 fra marts-august-løbet. Der er ikke meget at lege med mere med hensyn til mål. Kun to niveauer tilbage er 18900 (højeste ugentlige lukning) og 20k (ATH). 1.618 udvidelse @ 23.775k. ”

Medmindre tyre vender skaden, der er gjort ved sidste aftenes salg, er der en mulighed for, at Bitcoin vil se yderligere kortvarig ulempe, før de tester disse modstandsniveauer.

GLI ANALISTI SI ASPETTANO DI PASSARE A 20.000 DOLLARI IN QUANTO IL BITCOIN DETIENE I SUPPORTI CHIAVE

Bitcoin ha subito una rapida correzione ieri sera dopo che la moneta ha premuto fino a 18.500 dollari sui principali scambi.
Anche in questo caso, gli analisti rimangono ottimisti sulla principale moneta criptata.
Un trader ha affermato che, poiché il Bitcoin è riuscito a mantenere i livelli di supporto chiave nonostante sia entrato due volte nei bassi $17.000 nell’arco di poche ore, potrebbe passare a nuovi massimi.

BITCOIN MANTIENE I LIVELLI DI SUPPORTO CHIAVE
Bitcoin ha subito una rapida correzione ieri sera dopo che la moneta ha premuto fino a 18.500 dollari sui principali scambi. La moneta è caduta di circa 1.000 dollari nell’arco di un minuto o due, precipitando da quegli alti livelli a 17.400 dollari.

La moneta criptata ha dovuto affrontare una forte resistenza a catena. C’è stata anche una grande pressione di vendita sui libri degli ordini di cripto-cambio. Commentando il movimento, un analista ha scritto:

„Non so perché così tante persone pensano che ci sia un „loro“ in mosse come questa. I suoi scalpellini ben informati a breve termine testano il mercato e trovano con successo una sacca di liquidità dai top longer che piegano le loro posizioni in rapida successione“.
Gli analisti pensano che la crittovaluta manterrà la sua pressione rialzista nonostante il recente calo.

Ricariche e giri gratis disponibili ogni giorno, per ogni giocatore, in mBitcasino Crypto Autumn Bonanza! Gioca ora!
Commentando il grafico a quattro ore, che mostra forti stoppini verso i bassi $17.000, un trader ha detto recentemente:

„sospiro questo è così ritardato rialzista forte rialzista giornaliero vicino qui e stiamo prob prendendo ATH oggi o domani sullo stesso modello di btc 16k, primo stoppino lungo culo inferiore stoppino da iniziale profit-takers secondo stoppino lungo culo inferiore stoppino da successivi profit takers sul rimbalzo la prossima volta che corre imo“.

Come mostra il grafico, Bitcoin è riuscito a mantenere i livelli di supporto chiave nonostante sia entrato nei bassi $17.000 due volte nell’arco di poche ore. La Bitcoin che riesce a mantenere alti i livelli di prezzo, ha spiegato l’analista, scatenerà probabilmente un movimento verso i massimi di tutti i tempi. Immagine Grafico dell’azione dei prezzi di BTC negli ultimi giorni con l’analisi di CryptoGainz
Fonte: BTCUSD da TradingView.com

NON L’UNICO CHE LA PENSA COSÌ

Altri analisti sono ottimisti sul fatto che il trend sia ancora positivo per Bitcoin. Riferendosi a come ci siano poche resistenze fino ai nuovi massimi di tutti i tempi, ha detto recentemente un trader:

„BTC: Basta colpire il prolungamento di 1 a 1 dalla corsa di marzo-agosto. Non c’è più molto con cui giocare in termini di obiettivi. Rimangono solo due livelli in avanti: 18900 (massima chiusura settimanale) e 20k (ATH). 1,618 estensione @ 23,775k“.

Bitcoin

Immagine per gentile concessione di Smokey. Fonte: BTCUSD su TradingView.
Molti hanno affermato che, a quanto pare, la recente caduta è stata una chiara trappola per gli orsi. Il problema è che rimangono molte tendenze rialziste del mercato per il Bitcoin, come i bassi tassi di finanziamento e una quantità massiccia di prelievi dalle borse.

A ciò si aggiunge il fatto che i fondamentali dello spazio continuano a migliorare man mano che la stampa monetaria continua e che il Bitcoin guadagna notevoli sostenitori di Wall Street.

Serious security concerns with blockchain elections

No democracy without trustworthy elections? MIT researchers have strong doubts as to whether the blockchain has a future-proof solution when it comes to voting.

The allegations of election fraud brought forward by the outgoing US President Donald Trump are putting the democratic process under pressure. This development has sparked thought about whether the election procedure could not be better protected from allegations and actual attempts at manipulation. Famous representatives from the crypto space formulated a solution that could be expected : Blockchain-based elections. But of all things, the Massachusetts Institute of Technology (MIT) recently put a damper on these plans.

Scientists from the renowned research institute presented the results of a study on November 6thpublished on the security aspects of blockchain and other online voting systems. The authors arrive at a clear result:

Internet- and blockchain-based voting would significantly increase the risk of undetected, nationwide elections being lost.

Online voting has too many points of attack

The researchers say they are positive about efforts to make elections more efficient and to remove obstacles that (especially in the US) prevent certain groups of voters from voting. Nevertheless, they have reservations that speak against voting via the Internet and Crypto Genius.

They remind you that the security concerns in elections are of a different dimension than in online shopping and Co. After all, there is no insurance against a “failure of democracy.” As long as it cannot be sufficiently ensured that all votes are counted correctly, they ran all efforts to improve the electoral procedure come to nothing.

A key argument here is that Internet-based attacks are much easier to carry out on a large scale. They may be hard to spot. The cost of such an attack is also much lower. MIT researchers also point out that the security of devices that are part of the voting system depends on too many factors:

Errors in the voting system can be caused by the provider of the voting software, the hardware manufacturer, the manufacturer or a third party who maintains or supplies the code for these organizations. The voter who uses a telephone to cast their votes depends not only on the telephone provider, but also on the hardware companies that provide drivers for the device […]

What does blockchains offer?

As far as blockchain elections are concerned, the authors note the same fundamental reservations as with other online systems. Consensus mechanisms and encryption are not enough for them to allay their concerns.

First, they are discussing a model in which votes are cast via tokens on a public blockchain. Each voter sends a public key to a blockchain-based electoral roll. He then receives a coin with which he can vote for his candidate. The MIT researchers see the problem here that the ballot papers are not secret, since all votes are cast publicly. This opens up mechanisms of influence such as the purchase of votes (“I can prove that I voted for candidate XY”) or an agreement between miners. In addition, public blockchains are vulnerable to DDOS attacks.

Permissioned blockchains should not be able to solve the problems either. On these centrally managed blockchains, depending on the setting, the problem could arise that the users cannot verify whether their vote was actually counted.

Finally, they discuss an elective solution based on zero knowledge proofs. Information can be confirmed here without sharing it. Thus, secret elections seem possible, in which the voting can still be verified. However, here too there is no satisfactory mechanism against influencing and buying votes for the authors.

Finally, the authors also rate key management as fundamentally problematic. In particular, voters who are not particularly tech-savvy could have problems here.

Game Over? Atari token drops 70 percent a few days after token sale

Game developer Atari’s foray into crypto-verse does not seem to be a success. Numerous breakdowns, latency times and user complaints caused the ATRI price to dash down within 36 hours of the token sale.

The video game pioneer Atari has been working on a decentralized platform for all kinds of entertainment offers since 2018, in which the in-house crypto currency, the Atari token, acts as a means of payment. The public launch of the Atari Token (ATRI) started via an Initial Exchange Offering (IEO) on Bitcoin.com on November 2nd. However, the well-known video game developer did not seem to have had a particularly successful first foray into the crypto space. Within a few days, the ATRI rate fell by 70 percent. It is currently trading well below the original sales price and even below the price that was reduced in the pre-sales rounds.

Atari’s token sale mishaps

Some mishaps had seriously affected the token sale. These included, on the one hand, the problems with the order processing, the insufficient crediting of funds to the accounts and payment delays of up to 16 hours. A Reddit user writes:

The orders didn’t come in and the support didn’t respond. Somehow things were sorted out and the CEO apologized.

So far, the team behind the Atari token has not commented on the bumpy processes. Meanwhile, the provider’s Twitter account has also appeared comparatively quiet in the last few days.

Users lodge a complaint

Users complained about the awkward process of token sales. According to the Reddit user, Atari allegedly told presale buyers that they would be able to transfer their tokens to the exchange five minutes before the official listing on Bitcoin.com. At the time of the listing, however, this option did not work. Instead, pump-and-dump transactions by public buyers and Atari itself took place shortly after the listing, according to the user.

BITCOIN MOŻE ZAŁAMAĆ SIĘ W CZWARTYM KWARTALE Z POWODU PODATKOWEGO SZAŁU SPRZEDAŻY

  • Akcja cenowa Bitcoin’a z opóźnieniem niewiele zrobiła, aby zaoferować inwestorom namacalny wgląd w to, w jakim kierunku może się rozwijać.
  • Analitycy w dużej mierze zauważyli, że perspektywy kryptojańskiej waluty są przyćmione przez zawirowania na giełdzie, które mogą utrzymywać się do czasu po wyborach.
  • Wielu inwestorów wierzy, że reszta czwartego kwartału będzie dla BTC miesiącem byczym, ponieważ może to być moment, w którym może on odłączyć się od rynku akcji i nabrać niezależnego rozmachu.
  • Jeden z analityków wyjaśnił, że jego zdaniem w nadchodzącym kwartale nieuchronnie nastąpi pogorszenie sytuacji, zauważając, że wieloryby będą musiały spieniężyć część swojej krypty, aby pokryć podatki, co może zaiskrzyć selloffa.

Bitcoinowi i całemu rynkowi kryptograficznemu brakowało rozmachu w ciągu ostatnich kilku dni i tygodni.

Wynika to w dużej mierze z zawirowań na rynku akcji, gdzie byki i niedźwiedzie nie są w stanie wywołać żadnych krótkoterminowych trendów w miarę konsolidacji rynku akcji.

Ta boczna forma handlu nie może trwać zbyt długo. Jeden z analityków zauważył, że BTC może zaobserwować sprzedaż wywołaną przez wieloryby sprzedające swoje krypto w celu pokrycia podatków.

Zauważył on, że sentyment ten znajduje odzwierciedlenie w spojrzeniu na animatorów rynku opcji.

BITCOINOWI BRAKUJE ROZMACHU, PONIEWAŻ RYNEK AKCJI NADAL SIĘ KONSOLIDUJE

Rynek akcji nie był w stanie wytworzyć żadnego wyraźnego trendu od późnego czasu, a inwestorzy powszechnie oczekują więcej informacji na temat pakietu stymulacyjnego fazy 2, który musi zostać jeszcze uzgodniony przez Kongres i Biały Dom.

W miarę zbliżania się wyborów, inwestorzy potencjalnie oczekują na jego wyniki przed otwarciem nowych pozycji.

Spowodowało to, że Bitcoin dostrzega podobny atak na ceny z lackluster. Zarówno byki jak i niedźwiedzie w dużej mierze osiągnęły impas i nie były w stanie wywołać żadnego krótkoterminowego trendu.

W momencie pisania, Bitcoin Revolution handluje marginalnie po swojej obecnej cenie 11.400 dolarów. Jest to około ceny, po której handlował w ciągu ostatniego tygodnia.

ANALITYK: BTC PRAWDOPODOBNIE ZOBACZY SPRZEDAŻ WYWOŁANĄ PODATKAMI PÓŹNIEJ W CZWARTYM KWARTALE.

Jeden z analityków zaproponował niedźwiedzie spojrzenie na Bitcoin i rynek kryptograficzny w IV kwartale, zauważając, że spodziewa się, że zobaczy sprzedaż wywołaną przez wieloryby wyciągające pieniądze na pokrycie podatków.

„Trudno mi sobie wyobrazić mega pompkę Q4. Wszystkie wieloryby sprzedające w celu przygotowania się do podatków. Chyba, że mówisz mi, że większość kryptończyków jest w rajach podatkowych, takich jak SG i HK. Sentymenty podzielone między animatorów rynku opcji, którzy wyceniają miesięcznie IV na 30% +“, wyjaśnił.

Jeśli animatorzy rynku opcji okażą się poprawni, to może to być burzliwe kilka najbliższych miesięcy dla Bitcoina.

Are you afraid of DeFi? Here’s how you can earn a 41% return on Bitcoin without „wrapping it up“

The returns from decentralised finance are incredibly attractive, but option markets can also offer similar returns for those willing to take risks.

The number of investors interested in yield farming grew enormously over the past 6 months as decentralised finance (DeFi) applications became more popular and easier to use.

This has led us to see a countless number of liquidity pools offering an annual percentage yield (APY) in excess of 1,000% and how the total value locked in DeFi contracts increased to billions of dollars.

Bitcoin investors who wanted a piece of this huge pie were able to participate in DeFi’s yield farming by converting their BTC into tokenised versions such as Wrapped BTC (WBTC) and RenBTC (RENBTC).

This allows BTC holders to interact with all ERC-20-based tokens, but some analysts question how decentralised Bitcoin custody is behind these offerings; therefore, it makes sense to explore more centralised solutions.

Although it’s impossible to directly achieve the performance of Bitcoin deposits (BTC) on these DeFi platforms, investors can still benefit from centralised services. While it’s unlikely to find APYs above 12%, there are at least more secure ways to get a return with Bitcoin ‚uninvested‘.

Centralised services such as Bitfinex, Poloniex, BlockFi and Nexo will typically yield between 5% and 10% annually for BTC and stablecoins deposits. To increase the payout, it is necessary to look for more risk, which does not necessarily mean a lesser known exchange or intermediary.

By trading BTC options on the Chicago Mercantile Exchange (CME), Deribit or OKEx, an investor can comfortably achieve returns of 40% or more.

The hedged call strategy has its risks

The buyer of a call option can purchase Bitcoin at a fixed price at a set future date. For this privilege, this buyer pays in advance to the seller of the call option. Although the buyer can usually use this instrument as insurance, sellers primarily earn a fixed income from trading options.

Each contract has a predetermined expiry date and exercise price, so potential gains and losses can be calculated in advance. This so-called hedging strategy involves holding Bitcoin Bonanza Review and simultaneously selling the equivalent size in call options.

It would be unfair to call it „fixed income trading“ because potential losses are incurred whenever there is a more substantial price drop at the expiration of the options. However, this risk can be adjusted while the trade is being set up. It is worth noting that limiting exposure will result in lower returns.

The chart above represents a hedged call strategy for next November’s maturity, with a yield of 6% profit in two months, equivalent to an APY of 41%. As mentioned above, the hedged call strategy may incur losses if the BTC price at maturity is lower than the strategy’s threshold level.

Although the 6% return is achieved by selling call options from 0.5 BTC to USD 9,000 and 0.5 BTC to 10,000, the strategy requires BTC to remain above USD 10,000 at maturity on 27 November to achieve that profit margin. Any level below USD 8,960 will result in a loss, but that’s 16.6% below the current Bitcoin price of USD 10,750.

By selling these call options, investors will get 0.1665 BTC (USD 1.957 at today’s price); therefore, the covered call investor must purchase the remaining 0.8335 BTC (USD 9.793) through the regular futures spot markets. However, if the buyer is unwilling to take this risk, it is possible to lower the loss threshold.

It is worth noting that most derivatives exchanges allow exchanges of options starting from BTC 0.10, with the only exception being CME.

An APY of 25% can be achieved by selling November call options from 0.5 BTC to USD 8,000 and 0.5 BTC to USD 9,000. By reducing expected profits, you will only face negative results below USD 8,370 for the 27 November maturity, 22% below the current spot price.

Note how the net gain of USD 313 stabilises above the USD 9,000 result. To achieve this balance you need to buy USD 8,187 worth of BTCs either through futures or regular spot markets. The call option premium will increase the remaining 0.303 BTC (USD 3,257), but only the seller of the option is paid in advance.

Implied volatility drives gains in covered calls

Implied volatility is the main indicator of risk in the options markets and it increases as traders perceive a greater risk of sudden price movements. This indicator will increase regardless of investor optimism, as volatility is based solely on absolute price changes.

A constant daily loss of 4% over a few weeks results in extremely low volatility, which would be the same as a fixed daily gain of 4%. Volatility will increase in periods of extreme uncertainty; therefore option sellers will demand a higher premium.

As Skew’s data shows, the implied volatility of 3-month BTC options is currently 59% annualised. Although relatively low, this is still sufficient to provide an APY of 41% using a covered call strategy.

Investors may benefit from higher expectations, but the risk of loss using hedged calls also increases. This reflects traders‘ fears of unexpected price swings; therefore, higher implied volatility indicates a greater likelihood of a maturity price below the profit threshold of the option strategies.

All investments have some degree of risk

All passive return strategies have built-in risks. While it is possible to use a stop loss on a strategy called hedged, it should be noted that the options markets can be reasonably illiquid during sharp swings in BTC prices. This means that it is important here never to close out spot futures or positions independently of options.

DeFi can have its appeal, and even if one is willing to accept the risks associated with BTC wrapping, there are questions about faulty smart contracts, possible DeFi protocol violations, stagnation in the Ethereum network during peak traffic times and rising commissions which can reduce profits and increase losses. Outside of individual pools and DeFi applications, there is also room for manipulation of an oracle’s price source, which can cause cascading settlements.

The main advantage of the call cover strategy is that it allows investors to establish their own appetite for risk and have a clearer picture of their potential gains.

By opting for centralised solutions, investors can avoid high gas fees and the risk of being overtaken by the richer or more knowledgeable DeFi farmers.

Bitcoin dispara a 10.800 dólares: Esto es lo que los analistas piensan que viene a continuación

Bitcoin se ha recuperado después de un fuerte descenso a principios de esta semana.
Después de caer por debajo de 10.200 dólares hace poco más de un día, la cripto-moneda ha vuelto a subir por encima de 10.500 dólares.
La moneda ahora se cotiza a 10.800 dólares, habiendo experimentado un fuerte repunte hace unas pocas horas.
La moneda ha subido alrededor de un 5% en las últimas 24 horas, subiendo a medida que la subida del dólar americano comienza a disminuir.
Algunos atribuyen el repunte a un vencimiento en curso en los mercados de futuros y opciones, lo que probablemente provoque que los operadores abran y cierren posiciones.
Sea cual sea el caso, los analistas están intentando determinar qué es lo que viene después para Bitcoin.

Move liquida millones en posiciones de Bitcoin

El reciente movimiento alcista de Bitcoin Up ha resultado en millones de dólares de liquidaciones en el mercado de futuros para BTC.

Según Skew.com, se han liquidado alrededor de 12-15 millones de dólares en las últimas 24 horas debido al movimiento alcista. Estas son estadísticas sólo para el mercado de futuros de BitMEX. Esto sugiere que probablemente hubo docenas de millones más liquidados en otras plataformas de futuros y con otras criptodivisas como el Etéreo.

Los datos de ByBt sugieren que la bomba no ha dado lugar a un sobreapalancamiento en ninguno de los dos lados de los mercados de futuros.

Todos los principales mercados de futuros de Bitcoin, incluyendo BitMEX, OKEx, Huobi, y ByBit, todos tienen tasas de financiación neutrales por el momento. Esto sugiere que el precio del futuro se negocia alrededor del precio spot, lo que consolida aún más la idea de que ninguno de los dos lados está sobreapalancado.

Esto significa que Bitcoin podría continuar subiendo de forma sostenible, siempre que el movimiento esté impulsado en gran medida por el precio spot.

Al alza mientras BTC retoma los niveles clave

Los analistas dicen que el reciente movimiento alcista fue una ruptura alcista, en oposición a una repetición bajista de la resistencia.

Un analista compartió el siguiente gráfico, señalando cómo el reciente repunte puede llevar a Bitcoin por encima de un nivel de tendencia crucial de alrededor de 10.550 dólares. El hecho de que Bitcoin vuelva a tomar este nivel a diario puede sugerir que la tendencia predominante es alcista.

El gráfico muestra que la criptodivisa llegó a ese nivel exacto en dos ocasiones durante el año pasado, lo que sugiere que es un punto al que hay que estar atentos.

Bitcoin está preparado para retomar ese nivel porque en el momento de escribir este artículo, una hora antes del cierre diario, la cripto-moneda está situada casi 300 dólares por encima de ese soporte.