Recent data reveals a significant rise in Bitcoin options open interest, reaching a notable $21 billion. This increase, alongside Bitcoin’s recent price rise from $53,900 to $58,100, indicates both cautious short-term behavior and a robust long-term bullish outlook among traders.
Open Interest Surges Amidst Price Fluctuations
Between September 7 and September 13, Bitcoin’s options market saw open interest soar from $18.46 billion to $21.06 billion.·
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