Bitcoin Traders Eye $70K and Beyond, Options Show Sky-High Expectations
Traders anticipate Bitcoin surpassing its 2021 record, eyeing up to $80,000 by end of March.
Open interest in call options with strike prices of $70,000, $75,000, and $80,000 sees a rise.
Bitcoin's recent peak at $66,460 nears its all-time high of $68,991.
The cryptocurrency has surged over 50% this year, fueled by optimism for spot Bitcoin ETFs.
Perpetual swaps funding rates hit annualized rates of 50-70% over the weekend.
The futures basis for Bitcoin shows significant highs, indicating a bullish market sentiment.
Open interest in call options with strike prices of $70,000, $75,000, and $80,000 sees a rise.
Bitcoin's recent peak at $66,460 nears its all-time high of $68,991.
The cryptocurrency has surged over 50% this year, fueled by optimism for spot Bitcoin ETFs.
Perpetual swaps funding rates hit annualized rates of 50-70% over the weekend.
The futures basis for Bitcoin shows significant highs, indicating a bullish market sentiment.
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