Analyst: Bitcoin Options Trader Bets Bullish Price Will Break Through $100,000 in September
2024-05-07 12:53:14
According to QCP Capital analysts, Bitcoin risk reversal has turned for the better and call options are now more expensive than put options. This indicates a bullish sentiment among investors as they are willing to pay more for options that benefit from Bitcoin's rise than options that prevent the price from falling. QCP Capital analysts added, We are seeing a resurgence of demand for September Bitcoin call options with a strike price of $75,000 and a $100,000 call option.
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