Reported 2 months ago
In wake of a significant liquidation event where approximately $1.1 billion in crypto bets were lost, hedge funds are returning to the options market with bullish positions, particularly favoring call options on Bitcoin and Solana. Despite the recent selloff that saw Bitcoin’s value drop sharply, traders are largely optimistic about a rebound, driven by strong demand on exchanges like Coinbase and expected political shifts in the US.
Source: YAHOO