Bitcoin investors trading in the derivatives market may be preparing themselves for a new rise in price.
Expiring on Friday, according to options data compiled by Basedmoney. 4 billion dollars worth of Bitcoin options More than $2.2 billion in call options is formed.
Darius Tabatabai, one of the founders of Vertex Protocol, evaluated the difference between call and put options, “a strong bullish” He said it was an image.
Bitcoin options trading volume last month to 24 billion dollars reached and broke the record. Although this month has been less active, Edouard Hindi, CIO of Tyr Capital, said that option volumes A new record was broken drew attention.
In option volumes by Hindi 25 billion dollars reaching the level, “the crypto market is becoming more sophisticated” is showing. This is the traditional financial industry’s impact on the cryptocurrency market. began to play a more active role It may mean.
Stating that most of the option contracts are concentrated at the $ 32,000 level, Tabatabai sees this as an important support point for Bitcoin.