Posted 12/28/2023, 7:40:33 PM
Bitcoin Traders Bet Big on Price Rises Despite Recent Dip
- $14 billion in Bitcoin options expire on Friday, with optimistic calls outpacing pessimistic puts
- Open interest in Bitcoin contracts has reached $21 billion, signaling high confidence prices will rise
- Additional billions in options expire end of January and March, around the Bitcoin halving event
- Bitcoin price is up 11.4% in the past month despite a small 2% decline this week
- Pending SEC decisions on Bitcoin ETFs could drive significant price movement in coming weeks