Reported 6 months ago
Bitcoin options traders are optimistic about a potential new all-time high for Bitcoin by the end of the month, driven by expectations of US interest rate cuts and increasing inflows into exchange-traded funds. Call options with strike prices of $75,000, $100,000, and $80,000 have the most open interest, indicating a positive outlook. With demand for riskier assets rising due to Federal Reserve rate cut expectations, traders are eyeing a fresh high for Bitcoin as it hovers around $71,756, following a recent record of $73,798 set in March. Other indicators, such as widening premiums in futures and positive sentiment in perpetuals, further support the bullish market outlook.
Source: YAHOO