Decentraloption.icp

Advanced options trading web3 dApp on Internet Computer $ICP #ICP #DeFi #dfinity #InternetComputer

[Decentraloption.icp @decentraloption]

Now, a brief pause from the markets to bring some news: our automated market maker engine is ready! 😍
Just like $ICP AMM does the heavy lifting of moving the prices up and down on DEX swaps, an automated market maker engine for options are a must to keep the various expiry dates and strikes being liquid, and guaranteed exercise of long puts and calls.
The good news is that we can now use either $USDT or $USDC for settlements. This was impossible before chain fusion was available. If someone ever create an algorithmic stablecoin (over-collateralized and self balancing), we might add that as well.
Thanks for being the best true #web3 platform @dfinity

[Decentraloption.icp @decentraloption]

Oh this aged so well... Didn't look obvious back then, but you should watch liquidity, $ICP is becoming increasingly scarce on exchanges, besides the sporadic inflows into Coinbase. Don't wait to get FOMO, DCA in spot, stay away from leverage futures and #WAGMI

[Decentraloption.icp @decentraloption]

The spot buy volume around $5-$7 on $ICP is looking so good! This was kinda expected, since low $5's were the last leg of the ongoing Wyckoff distribution cycle since December 25th. Reap the opportunity, you won't regret DCA'ing on this range!

[Decentraloption.icp @decentraloption]

@coinglass_com Is the data correct? I see billions of shorts in the heatmap for some coins

[Decentraloption.icp @decentraloption]

@Chief_Indo

[Decentraloption.icp @decentraloption]

The long/short ratio liquidation is always skewed on $ICP

[Decentraloption.icp @decentraloption]

@Chief_Indo 4 billion in shorts over $7.3, crazy numbers

[Decentraloption.icp @decentraloption]

@Chief_Indo They are comfortable knowing they won't get liquidated for a while, until there's a huge 10% candle out of the blue. Bears even doubled down in this range 7.3 range

[Decentraloption.icp @decentraloption]

@ajki76

[Decentraloption.icp @decentraloption]

@DavidFBailey That's basically a bankrun on exchanges. Let's see how those Bitcoin IOUs hold up.

[Decentraloption.icp @decentraloption]

@CryptoWendyO How so? The $70 billion crypto futures market is just like that, pure dust of nothing

[Decentraloption.icp @decentraloption]

@thomas_fahrer

[Decentraloption.icp @decentraloption]

@BitcoinMagazine @HIVEDigitalTech Yet, the spot price and volumes are falling consistently. It doesn't add up

[Decentraloption.icp @decentraloption]

@BTC_for_Freedom Spreadsheet BTC doesn't move prices

[Decentraloption.icp @decentraloption]

@coinbureau They out of new FUD so just refurbishing old stuff?

[Decentraloption.icp @decentraloption]

Did you buy the $ICP dip? You might never be able to do this again in a couple of days

[Decentraloption.icp @decentraloption]

@MHiesboeck And the market turned to greed as well. When it's extreme greed, expect all those overleveraged longs to get liquidated, the usual -12% correction

[Decentraloption.icp @decentraloption]

$4.05bi notional $BTC options are set to expire on October 25th with a max pain of $63k. Don't get caught in the middle. Act accordingly. Been some months since the put/call ratio was 0.62, it's overly bullish and the market tend to ignore clear trend directions

[Decentraloption.icp @decentraloption]

Ever notice why $BTC price goes up only when FBTC (Fidelity) has inflows? Because they are the only ones that actually need to buy from the market to self custody their Bitcoins. The rest is merely an internal transaction on Coinbase.

[Decentraloption.icp @decentraloption]

@AltcoinDailyio $ICP

[Decentraloption.icp @decentraloption]

@icpbull Yes way