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A.R.T Digital Team

Options Whales Have Made Up Their Minds: They Expect a New Record in Bitcoin (BTC) by This Date


Bitcoin

Options traders in Bitcoin are expecting a new record for BTC by this date, according to new exchange data.


Options traders are increasing their bets that Bitcoin will reach a record high by the end of the month, driven by optimism about lowering US interest rates and increased inflows into ETFs.


Bitcoin call options with a strike price of $75,000 across all maturities currently have the largest open position, that is, the number of pending contracts. This is followed by strike prices of $100,000 and $80,000, respectively, according to data compiled by Deribit, the largest cryptocurrency options exchange. Call options provide buyers with the right to purchase the underlying asset at a fixed price within a certain period of time.


Source - Bitcoinsistemi


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