Mike Novogratz says US CLARITY Act could pass in May.
(Novogratz made the comments during a podcast with SkyBridge Capital founder Anthony Scaramucci. He said the bill may reach committee in early May and could reach President Donald Trump’s desk in June) $BTC
1)Always backtest a new strategy before investing real capital 2)Confirms if a strategy has a mathematical edge and makes money over the long term 3)Allows testing of various scenarios and strategies without risking actual capital. 4) Helps identify when a strategy fails, such as during specific market conditions. 5)Delivers key data, including win rate, drawdown, and risk-reward ratios $BTC $ETH
$BTC Simple understand today Bitcoin options expiry is happening at a fixed time on Deribit this expiry happens at 9 am London time and 1 pm Pakistan time options expiry means that people who placed call and put bets get their final settlement today because of this the market moves fast sometimes a spike up sometimes a dump down because market makers adjust their positions so around expiry volatility is high and for scalpers this is a golden time
Simple understand options are a type of deal where you pay a small fee called a premium to get the right to buy or sell Bitcoin in the future at a fixed price that fixed price is called the strike price for example if someone buys a call at 80000 then their strike is 80000 and if someone buys a put at 60000 then their strike is 60000
Now max pain point is the price where the maximum number of people end up in loss meaning most options become worthless for example if the market closes around 71000 or 72000 then the 80000 call buyers lose and the 60000 put buyers also lose and all the premium goes to market makers
Bitcoin options expiry is happening where around 9.8 billion dollars worth of options are closing data shows the max pain is around 71k to 72k while the price before expiry is around 77k
Now what is max pain easy understand people place bets at different strike prices some bought 80k calls expecting price to go up and some bought 60k puts expecting price to go down and everyone paid a premium now market makers want the maximum number of people to lose so the best level for them is where both sides lose which is the middle level around 71k to 72k
Now since price is at 77k either the market can be pulled down toward 72k or if strong momentum comes it can move up in a short squeeze that is why around expiry volatility is always high and this is where the real game for scalpers happens
If Pakistan announces peace treaty between these two countries we'll see a huge push upside in the market. Especially Gold and Crypto. S&P 500 is also expected to rise #MarketRebound #USIranStandoff $BTC
Bitcoin crowd sentiment has flipped from extreme fear to full FOMO in just four days as BTC rebounds above $78.7K and eyes the $80K resistance level again, per Santiment. #MarketRebound $BTC
🇺🇸 JUST IN: Donald Trump said he is in no rush to end the conflict with Iran, warning that time is not on Tehran’s side and a deal will come only on U.S. terms. $BTC