Bullishness Building in Bitcoin Options Market, Data Suggests
Option traders look to be placing bets for a continued upward move in bitcoin.
Scam selling, a big win for privacy from Apple, new jobless claims in the “whack-a-mole” economy and the biggest BTC options expiry ever.
Bitcoin experienced a dip on Wednesday, but equities and other assets also dropped on an uncertain economic outlook.
Traditional markets slide as coronavirus cases spike, and crypto follows because its correlation is still unbroken.
CME Group’s bitcoin options market grew tenfold within a month and recorded six consecutive all-time highs for open interest so far this month.
Bitcoin options trading is growing faster than the futures and swaps market in 2020.