Crypto
Bitcoin Options Data Suggests Bullish Medium-Term Outlook Amid Market Uncertainty
Recent data on Bitcoin options has revealed a bullish medium-term outlook for the cryptocurrency. According to Pluang, call options make up 62% of open interest, indicating that traders expect higher prices in the coming months.
However, recent trading volume has shifted toward put options, reflecting increased demand for short-term downside protection amid market uncertainty.
Total open interest dropped 30% to $24.61 billion, suggesting some risk trimming or contract expiries. Key strike prices around $60,000 to $80,000 are focal points where price moves could be amplified by hedging activity.