Editor's PiCK
"Options Market Shows Surge in Bitcoin (BTC) Call Options... Expectations Rise for Trump's Bitcoin Strategic Reserve"
Summary
- The Bitcoin options market reported increasing demand for BTC call options contracts.
- QCP Capital analyzed that Trump's Bitcoin strategic reserve rumors are driving the increased demand.
- They indicated that rising interest in altcoins is expected alongside Bitcoin's upward rally.
Cryptocurrency options market analysis shows a surge in call option contracts betting on Bitcoin (BTC) price increases.
On the 20th, Singapore-based cryptocurrency trading firm QCP Capital reported through their Telegram channel that "There's been a surge in demand for Bitcoin call options expiring between February and April in the options market," adding that "This is interpreted as a result of spreading rumors and bullish expectations regarding Trump's strategic Bitcoin reserve."
QCP Capital noted that "The implied volatility in the Bitcoin options market is skewing towards call options," and analyzed that "This signals the market is preparing for the second phase of the upward rally."
They further added that "The cryptocurrency market has seen a surge in interest in altcoins since Trump's inauguration," and that "Several altcoin ETF applications, including XRP, have been submitted to the SEC." They explained that these expectations are growing even stronger, especially with Brazil's approval of a spot XRP ETF.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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