The buying activity for Bitcoin call options with a strike price of $75,000 and above on Deribit has surged dramatically
Bitget2024/09/30 06:32
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."
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