Over the past week, Bitcoin (BTC) ‘s price has witnessed a notable surge, sparking heightened activity in the cryptocurrency market. One area that offers unique insights into traders’ sentiments and expectations about this price movement is the options market. We can gauge how traders are positioning themselves in anticipation of future price movements through metrics like open interest, volume, and strike prices.
Options are financial derivatives that give the holder the right, but not the obligation, to buy or sell an underlying asset (in this case, Bitcoin) at a predetermined price on or before a specific date.
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