Bitcoin Options Traders Anticipate Imminent Breakout Above $74K to New Record Prices
One market observer noted “very concentrated call buying” looking to profit from a rally to between $74,000 and $80,000 by the end of this month.
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One market observer noted “very concentrated call buying” looking to profit from a rally to between $74,000 and $80,000 by the end of this month.
The uptick signals a bullish outlook, according to Wintermute.
A trader bought $2 million worth of dogecoin {{DOGE}} call options at a strike price of $0.22 on Wednesday, according to PowerTrade’s head of institutional sales, Bernd Sischka.
Along with other investing legends such as the Oracle of Omaha Warren Buffett, and ‘The Big Short’s’ Michael Burry, the … Continue reading
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Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.
Our favorite strategy is to buy Bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry, 10x research said in a note.
The number of active bitcoin call contracts is significantly higher than puts, indicating bullish market sentiment.
Recently, traders have sold $80,000 BTC call options expiring at the end of May to generate additional yield, one observer said.
Retail dominance of crypto trading and the lack of institutional infrastructure and participation has led to imbalance in the structure of the options market. Here’s how we can address these challenges, says Abdulla Kanoo, Co-Founder of ARP Digital.
The new offering called “Gold Rush” offers a trifecta of decent return, market exposure and protection from losses.