The buying activity for Bitcoin call options with a strike price of $75,000 and above on Deribit has surged dramatically
According to the order flow data tracked by Amberdata, as the price of Bitcoin rises, there has been a surge in buying activity for Bitcoin call options with strike prices of $75,000 and above on Deribit. Investors have also sold put options.
Greg Magadini, Director of Derivatives at Amberdata said: "This flow pattern indicates a bullish outlook for spot Bitcoin prices (due to the selling of put options), while also anticipating that price volatility will accelerate."
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.
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