BTC call options trading increases as volume traders bet on medium to long term

Although the news about ETF has settled and there will be no real benefits in the short term, BTC did attract market funds, and the price increased by US$1,000 compared to last week.

Options data shows an increase in investors betting on long-term BTC call options. Yesterday, the trading volume of BTC block call options exceeded US$10,000, with a nominal value of nearly US$300 million, accounting for more than 40% of the total trading volume on the day, mainly based on the diagonal spread combination of selling BTC-3NOV23-29000-C/buying BTC-29DEC23-34000-C. host.

According to Greeks.live's analysis, the combination sold short-term at-the-money calls and at the same time purchased all the received premiums for out-of-value forward calls, indicating that traders are indeed optimistic about BTC in the medium and long term.