Crypto
Bitcoin Bets Clash as Institutions Predict Drop and Surge
Bitcoin and Ethereum led a recent crypto recovery but saw returns fall this week. BTC traded above $79,000, while ETH was around $2,500.
A significant amount of Bitcoin options, totaling over $6.4 billion, are set to expire soon. This indicates bullish control on BTC's price in the near term.
However, institutional bets reveal a contrasting outlook: many expect Bitcoin to drop, particularly around the $70K strike price, while betting on Ethereum to rise above $3,000 by the end of September.