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Bloomberg Crypto: Bitcoin call options with strike prices of $80,000 and $100,000 increase significantly

Bloomberg Crypto: Bitcoin call options with strike prices of $80,000 and $100,000 increase significantly

2024/03/10 09:39

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.

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