Return of Animal Spirits? Bitcoin Traders Lock $20M in the $200K Call Option
Bitcoin traders are having a relook at the $200,000 call option after a gap of nearly three years.
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Bitcoin traders are having a relook at the $200,000 call option after a gap of nearly three years.
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The expiry is Deribit’s largest so far and a record of almost $5 billion of options will expire in the money.
(Jesse Hamilton/CoinDesk)
The bull market has been clearly spot-driven, with all major derivatives data relatively flat, one observer said, adding the rally has limited downside.
The notional open interest in the global BTC options market stood at $17.5 billion at press time, while open interest in the futures market was $15.84 billion.