BIT Notifications

[ 3rd Party Analysis]

[Orbit Trade Idea]
Do you agree with Hayes and Novogratz?

(Not investment advice)

Arthur Hayes and Michael Novogratz, two influential voices in the crypto market, have both expressed views that Bitcoin is likely to trade within a relatively narrow range in the coming months.

Hayes predicts Bitcoin will stay between $60,000 and $70,000 until August, while Novogratz believes it will remain between $55,000 and $75,000 for at least the current quarter.

Given the recent decline in trading volume and volatility post-ETF frenzy and Bitcoin halving, the market seems to be entering a consolidation phase with no immediate catalysts.

Trade Rationale:

If you agree with Hayes' and Novogratz's range-bound views, a Double No-Touch (DNT) option could be an optimal trade. This option would capitalize on the expected stability and reduced volatility in Bitcoin's price.

Option Structure:

- Type: Double No-Touch (DNT) Option
- Premium: $125,000
- Payout: $1,000,000 if Bitcoin remains within the specified range
- Range: [$55,000, $75,000]
- Duration: 3 months

Mechanics:

- On Day 1, you pay a premium of $125,000 to enter the DNT option.
- If during the next 3 months, Bitcoin's price never breaches either $55,000 or $75,000, you receive a payout of $1,000,000 at maturity. Else, you receive 0.

Potential return on this trade: 8x
Max net profit: $875,000
Max net loss: -$125,000

www.tgoop.com/bitcom_notifications/2415

174 viewsMay 17, 2024 at 10:50

[ 3rd Party Analysis]

[Orbit Trade Idea]
Do you agree with Hayes and Novogratz?

(Not investment advice)

Arthur Hayes and Michael Novogratz, two influential voices in the crypto market, have both expressed views that Bitcoin is likely to trade within a relatively narrow range in the coming months.

Hayes predicts Bitcoin will stay between $60,000 and $70,000 until August, while Novogratz believes it will remain between $55,000 and $75,000 for at least the current quarter.

Given the recent decline in trading volume and volatility post-ETF frenzy and Bitcoin halving, the market seems to be entering a consolidation phase with no immediate catalysts.

Trade Rationale:

If you agree with Hayes' and Novogratz's range-bound views, a Double No-Touch (DNT) option could be an optimal trade. This option would capitalize on the expected stability and reduced volatility in Bitcoin's price.

Option Structure:

- Type: Double No-Touch (DNT) Option
- Premium: $125,000
- Payout: $1,000,000 if Bitcoin remains within the specified range
- Range: [$55,000, $75,000]
- Duration: 3 months

Mechanics:

- On Day 1, you pay a premium of $125,000 to enter the DNT option.
- If during the next 3 months, Bitcoin's price never breaches either $55,000 or $75,000, you receive a payout of $1,000,000 at maturity. Else, you receive 0.

Potential return on this trade: 8x
Max net profit: $875,000
Max net loss: -$125,000

BY BIT Notifications