CandleFocus Pro Crypto Traders Are Leveraging IBIT Options to Bet on BlackRock’s Bitcoin ETF Doubling to $100: Observers
2024-11-20
Author: Content Editor
Investors are showing bullish sentiment in the crypto options market, particularly in call options. The $100 IBIT call option received significant volume on its first day, indicating expectations of a potential doubling of bitcoin prices to $100. Similarly, the $200,000 bitcoin call option on Deribit has seen notable activity. Options tied to BlackRock's spot bitcoin ETF also had a successful debut, with a trading volume of $1.9 billion on the first day. This bullish bias is reflected in the high demand for call options, with traders betting on price increases. The surge in call option activity suggests anticipation of a gamma squeeze and increased volatility in bitcoin's price.
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