A $5 billion cluster has formed in bitcoin options. It tells a bullish story
CoinDesk·
60-second summary
A $5 billion cluster has formed in bitcoin options, with nearly $5 billion in open interest concentrated on Deribit's $70,000 and $72,000 call strikes. Calls significantly outnumber puts, indicating a bullish sentiment.
Bitcoin's $70,000 and $72,000 call strikes on Deribit have accumulated nearly $5 billion in open interest, with calls outnumbering puts by a significant margin.