Institutions Are Making Bullish Bets on Bitcoin Rallying to $75K by May – Or Even Higher
Institutional traders look to be positioning for a bitcoin (BTC, +3.55%) price rally to $75,000 and beyond in coming months, according to options market data.
“On Monday, some block traders took bull call spreads at $75,000 and $100,000 strike call options expiring on May 28 via over-the-counter (OTC) trading and settlement desk Paradigm,” Swiss-based options analytics platform Laevitas told CoinDesk. “These could be institutions betting that bitcoin will hit at least $75,000 by summer.”
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https://www.coindesk.com/bitcoin-options...-by-summer
Institutional traders look to be positioning for a bitcoin (BTC, +3.55%) price rally to $75,000 and beyond in coming months, according to options market data.
“On Monday, some block traders took bull call spreads at $75,000 and $100,000 strike call options expiring on May 28 via over-the-counter (OTC) trading and settlement desk Paradigm,” Swiss-based options analytics platform Laevitas told CoinDesk. “These could be institutions betting that bitcoin will hit at least $75,000 by summer.”
...
https://www.coindesk.com/bitcoin-options...-by-summer
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