Summary
- Optimism about the rise in Bitcoin prices is growing, and it has been analyzed as a factor that investors should be cautious about.
- According to a Matrixport report, Bitcoin's call-put skew has fallen to -10%, indicating that the market is filled with extreme optimism.
- Such bullish sentiment can lead to short-term corrections, so investors should reduce risks and observe cautiously.
Optimism about the rise in Bitcoin (BTC) prices is growing, and it has been analyzed that investors need to be cautious.
On the 27th (local time), Matrixport stated in a report, "The call-put skew of Bitcoin has recently fallen to -10%, indicating a significant increase in bullish call option betting, and the market is filled with extreme optimism." It further added, "Such extreme bullish sentiment can lead to short-term corrections," advising investors to reduce risks and observe cautiously.
As of 4:31 PM, Bitcoin is trading at $109,321, down 0.54% from 24 hours ago, based on the Binance USDT market.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
