Latest data shows that the trading volume of Bitcoin (BTC) ETF options has reached a new high, becoming a bullish signal for the market. Last week, multiple BTC ETF options made their debut, with BlackRock's IBIT options reaching a trading volume of $1.9 billion on their first day, totaling 354,000 contracts. This performance far exceeds the $360 million trading volume when the BITO options were first launched in 2021, reflecting strong demand in the market for BTC-linked derivatives.
This increase in purchasing power indicates that investors are optimistic about Bitcoin's future performance, further enhancing market bullish sentiment. With the influx of institutional funds, the market outlook for BTC seems even brighter.
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