Bitcoin Moving Up?
Just an hour ago Bitcoin was around $10340 when I got on this morning and checked – now it is $10630 and moving upwards.
There’s stll plenty of time before the new year and some say we will see prices in the $36K area before 2021
Against the Odds, Some Bitcoin Traders Are Betting on a $36K Price by Year’s End
- As of Sunday, call options at $36,000 and $32,000 strike prices expiring on Dec. 25 were seeing the most daily positions opened.
- “We saw some out of the ordinary activity in the $36,000 December call,” Luuk Strijers, CCO of Deribit, told CoinDesk in a Telegram chat. “Few buyers with most likely bullish expectations executed these trades.”
- A call option gives the holder the right but not the obligation to buy the underlying asset at a predetermined price on or before a particular date. A put option represents a right to sell.
- Open interest refers to the number of contracts traded, but not squared off with an offsetting position.