Data: Today saw an explosive surge in trading of call options on major cryptocurrencies, with a total of 25,766 BTC call options traded.
Svmuu News: Today saw explosive growth in bulk call option trading, with a total of 25,766 BTC worth $1.65 billion in bulk call options traded. Among these, nearly 10,000 sets of call bull spreads—priced at $70,000/$72,000 and expiring at the end of this month—were traded, making them the primary trading instrument. Analysts believe that with two weeks remaining until the end of the month, such large-scale purchases of call options with a 10% out-of-the-money strike indicate optimism about the market in the latter half of the month. However, the fact that traders opted for bull spreads with a lower notional value suggests this is merely a tentative attempt to buy the dip. The market has been quiet for far too long, so even a slight rebound would be understandable.
Source:Odaily · Source Link
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