European eToro Traders Call Foul Over Closure of Leveraged Crypto Contracts
Traders in Europe are threatening legal action against eToro for allegedly closing their leveraged crypto positions without enough notice.
While a rally to $50,000 in two weeks may be challenging to envision but is far from impossible.
The strike option supplants the company's previous $300,000 maximum offering listed on Jan. 9.
Options traders look to be preparing for further falls in bitcoin's price in the short term, according to put-call skew data.
Back in October, one trader made a long-shot bet that bitcoin would hit $36,000 by January. It paid off in a spectacular way.
Some bitcoin traders are buying bullish call options at $52,000 and higher strike prices.