Bloomberg Crypto: Bitcoin call options with strike prices of $80,000 and $100,000 increase significantly
According to Bloomberg Crypto, predictions of Bitcoin against $100,000 appear to be becoming more realistic in the options market due to a significant increase in Bitcoin call options with strike prices of $80,000 and $100,000. The latest positioning shift raises the possibility of a more sustained rally. On the other hand, options and futures markets have seen lower volatility and leverage, suggesting that Bitcoin’s rise to $70,000 was primarily driven by spot market demand, where retail investors typically purchase tokens rather than leveraging derivatives to increase leverage.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Midland States Bancorp COO Kyle Owen Mooney sells 2,400 common shares worth $79,992
On Holding CFO Frank Sluis disposes of Class A shares worth $19,057.81
Network International partners with DDSC for UAE in-store AED-backed stablecoin payment pilot
Amido flags Green Frug stake falling below 5% to 2.71%