EddieJayonCrypto
20 Feb 24
The Bitcoin options market is witnessing a surge in activity, with a recent $20 million butterfly spread trade indicating a cautious yet opportunistic outlook among large-scale investors. Bitcoin options are derivative contracts that give the holder the right to buy or sell Bitcoin at a predetermine...
The Bitcoin options market is experiencing a surge in activity, as evidenced by a recent $20 million butterfly spread trade that reflects the cautious yet opportunistic outlook among large-scale investors. Bitcoin options are derivative contracts that allow the holder to buy or sell Bitcoin at a predetermined price before a specified date. This sophisticated options trading strategy aims to profit from a narrow price range, combining both bullish and bearish outlooks. The latest data from CoinGass indicates a notable lean towards a bullish outlook among Bitcoin options traders, with a more balanced picture presented in the volume of trades in the last 24 hours.
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