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<p class="is-style-lead">According to a Dec. 20 post from Greeks.live, a trading tools solution provider to crypto options traders, bullish sentiment is evident in the Bitcoin market.</p> 
<p>The report states that while the market has been relatively quiet today, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) has seen upward movements in all major terms, implying volatility (IV).</p> 
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   <p lang="en" dir="ltr">Longs are on BTC, while shorts still dominate on ETH – <a href="https://twitter.com/hashtag/ETHUSD?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#ETHUSD</a> TradingView <a href="https://t.co/BcccgRtwrO" target="_blank">https://t.co/BcccgRtwrO</a></p>— Greeks.live (@GreeksLive) <a href="https://twitter.com/GreeksLive/status/1737490247003312446?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 20, 2023</a>
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<p> You might also like: <a href="https://crypto.news/crypto-prices-rising-bitcoin-broke-above-40k-after-578-days/"> Crypto prices rising, Bitcoin broke above $40k after 578 days </a> </p> 
<p>Also stated in the post on X, Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) has experienced a shift in trend, marked by a block trade involving the purchase of over $100 million worth of puts earlier in the day. Even amid the recent rally, the market for ETH is said to be predominantly influenced by block put trades. The post concludes that long positions are currently concentrated in BTC, while shorts dominate in ETH.</p> 
<p>An hour later, an update indicated that long positions remained prevalent on BTC while short positions continued dominating ETH.</p> 
<p>Previous&nbsp;<a href="https://crypto.news/bitcoin-getting-close-to-43k-further-rally-expected/" target="_blank" rel="noreferrer noopener">reports</a>&nbsp;from Dec. 19 indicated a positive shift for BTC as it gained momentum following a local low of approximately $40,500 on Dec. 18. A crucial indicator, the Relative Strength Index (RSI), exhibited bullish tendencies, maintaining a position around the 50 mark, suggesting further potential for upward momentum.&nbsp;</p> 
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<p>This price spur stems from ongoing excitement around&nbsp;<a href="https://twitter.com/JSeyff/status/1737223838138798469" target="_blank" rel="noreferrer noopener">spot Bitcoin ETF</a> approvals&nbsp;and the updates provided by notable Bloomberg Intelligence analysts like James Seyffart, which, although have been quiet today, were prevalent earlier this week.</p> 
<p> Read more: <a href="https://crypto.news/bitcoin-holders-experience-500b-wealth-surge-in-2023/"> Bitcoin holders experience $500b wealth surge in 2023 </a> </p>

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