‘Long’ing for BTC? Here’s how recent trader behavior will help you

Bitcoin sees positive interest from traders as price rallies and accumulation increases. However, whales start to sell their holdings as selling pressure rises. Bitcoin’s [BTC] recent price surge caused some skeptics to speculate that its rally might be short-lived, as investors looked to sell off their holdings at a profit. However, it seems that many […]

However, whales start to sell their holdings as selling pressure rises.

recent price surge caused some skeptics to speculate that its rally might be short-lived, as investors looked to sell off their holdings at a profit. However, it seems that many traders have become more optimistic about the future of BTC.This newfound optimism was reflected in the options market, where traders were buying more call options for Bitcoin.

The high number of call options being taken for Bitcoin suggested that many traders were bullish on the cryptocurrency and were expecting its price to increase.Options contracts has surpassed that held in Futures contracts .This results from significant call option buys, as investors start to speculate on higher…

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