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Bitcoin Options Traders Show Cautious Optimism After $120,000 Breakout
['Paul Kim', 'Ann Maria Shibu']
Top Cryptocurrency News Today — BeInCrypto
This indicates two key developments in the Bitcoin options market.
These moves are not a firm directional bet that Bitcoin’s price will actually rise to $300,000.
Meanwhile, the Ethereum options market shows a completely different pattern.
With Bitcoin’s dominance growing in the options market, much of the activity is shifting away from Ethereum.
Timothy Peterson said that from a historical perspective, the expected price range for this October’s rally is +7% to +31%.