BTC short on launch of options on the CBOE
2024-12-02

Let's go back 7 years.

On Dec. 1, 2017, BTC wicked down to $9,410 before going on its historic ride to $19,700, tallying a price move of more than 109%. 

This 2017 December ride coincided with the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE) both launching their respective physically-settled BTC futures trading products. 

The CBOE launched its Bitcoin futures trading product on Dec. 10. Then Bitcoin reached its all-time high near $19,700 on Dec. 17, 2017, right when the CME launched its own cash-settled Bitcoin futures trading product. 

After Bitcoin a strong fall awaited

Tomorrow launch of  BTC options on the CBOE. 

🐻Probably that's the reason to try short with SL at 105 000 USDT 😎

In case BTC continues its growth we won't lose much.