Rally

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-options-trading-hits-new-high-as-price-surges" rel="noopener noreferrer nofollow">Bitcoin Options Trading Hits New High as Price Surges</a><br></p>
<p style="text-align: justify">Over the recent weekend, the options block market, which is typically associated with large-scale trades, saw an uptick in call option orders that surpassed the $5 million mark. This increase in activity is particularly significant as it aligns with the rise in <a href="https://en.bitcoinhaber.net/anticipation-builds-for-secs-decision-on-bitcoin-etf" rel="noopener noreferrer nofollow">Bitcoin</a>‘s value, which soared to approximately $64,300 – a peak not reached since November 2021 and the highest so far this year.</p>
<h2 id="surge-in-call-options-reflects-bullish-investor-sentiment">Surge in Call Options Reflects Bullish Investor Sentiment</h2>
<p style="text-align: justify">Reports from Greekslive showcase a marked enthusiasm for call options among traders. This spike in demand suggests investors are growing increasingly optimistic, as evidenced by Bitcoin’s climb to its annual peak on the <a href="https://en.bitcoinhaber.net/enhanced-security-for-high-value-crypto-investors-binance-partners-with-swiss-banks" rel="noopener noreferrer nofollow">Binance</a> exchange. The surge in calls mirrors broader investor anticipation of continued bullish momentum for the leading <a href="https://en.bitcoinhaber.net/crypto-surge-lifts-bitcoin-near-57000-mark-and-catapults-altcoins" rel="noopener noreferrer nofollow">cryptocurrency</a>.</p>
<p style="text-align: justify">The market is also buzzing with a substantial volume of short-term bull spreads, pointing to a sentiment of heightened optimism and a propensity for further engagement. The resulting jump in ultra-short-term implied volatility, now hovering around 80%, underscores the intense market atmosphere and the shift into a ‘Fear of Missing Out’ phase among investors.</p>
<h2 id="speculative-fervor-propels-bitcoin-s-continued-rally">Speculative Fervor Propels Bitcoin’s Continued Rally</h2>
<p style="text-align: justify">With the options market bustling and bullish sentiment on the rise, Bitcoin’s ascent to new yearly heights appears to be gaining momentum. The options market’s activities serve as a reflection of the increasing confidence and speculative interest in Bitcoin, which remains the most prominent digital currency.</p>
<p style="text-align: justify">Presently, Bitcoin trades at $63,468, showing a 2.43% growth in the past day. This uptick is part of a more significant trend, with Bitcoin’s value jumping by 23.55% over the last week and increasing by a remarkable 47.87% over the previous month, underscoring its strong market performance.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-options-trading-hits-new-high-as-price-surges" rel="noopener noreferrer nofollow">Bitcoin Options Trading Hits New High as Price Surges</a></h5>

Bitcoin Options Trading Hits New High as Price Surges

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