UBS Boosts BTC Exposure with 24-Fold Call Option Surge

The price of Bitcoin (BTC) rose by 0.60% to $63,408 on Monday as investors increased their bets on the digital asset.

This move aligns with a broader market surge and is partly driven by a squeeze in derivatives positioning, which forced leveraged shorts to cover.

The uptick was likely a technical squeeze rather than a fundamental shift, according to analysts. High leverage within a tight range creates explosive moves, making it difficult to predict the next direction of the market.

UBS, the Swiss banking giant, has significantly increased its exposure to Bitcoin through a 24-fold surge in call options tied to Bitcoin ETFs, as revealed by its latest 13F filing with the U.S. Securities and Exchange Commission.