The buying activity of Bitcoin call options with a strike price of $75,000 and above on Deribit has surged
ChainCatcher news, according to CoinDesk, based on order flow data tracked by Amberdata, as Bitcoin prices rise, there has been a surge in buying activity for Bitcoin call options with strike prices of $75,000 and above on Deribit, while investors have also sold put options.
Amberdata's Director of Derivatives, Greg Magadini, stated: "This flow pattern indicates a bullish outlook for Bitcoin's spot price (due to the selling of put options), while also anticipating an acceleration in price volatility."
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