Nasdaq Aims to Increase Trading Limits on BlackRock’s IBIT Options Fourfold
Nasdaq's Proposal: Nasdaq is seeking to increase the options position and exercise limits for BlackRock’s iShares Bitcoin Trust (IBIT) from 250,000 to one million contracts, aiming to enhance trading capacity for institutional investors.
Institutional Demand: The proposed increase is a response to growing institutional interest in Bitcoin derivatives, positioning IBIT alongside major equity index ETFs to facilitate complex trading strategies.
Market Growth: IBIT has rapidly gained dominance in the U.S. Bitcoin options market, surpassing traditional crypto venues in open interest, indicating a shift towards regulated markets for Bitcoin derivatives.
Regulatory Process: The SEC has opened a public comment period until December 17, which will influence whether IBIT will be classified among top-tier ETF derivatives, further integrating Bitcoin into mainstream finance.
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Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0456 | 0.0628 | 0.0815 | 0.0987 | 0.117 | 0.135 | 0.153 |
| Fibonacci | 0.0628 | 0.0765 | 0.085 | 0.0987 | 0.112 | 0.121 | 0.135 |
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