Bitcoin, call option surges to $44,000, reaches $100M in bulk trading!

author: Mustafa Mullah

Mustafa has been writing about blockchain and cryptocurrencies for several years. He has previous trading experience and has been working in the fintech industry since 2017.

December 20, 2023 22:29

The price of Bitcoin surged back to $44,000, sparking massive call options trading worth over $100 million in the past hour. The cryptocurrency market, which had been relatively sluggish during the day, once again entered a bullish mood, with implied volatility (IV) rising during key times. In contrast, Ethereum showed a different trend, with a large amount of put options worth over $100 million purchased in the morning. Even during the recent rally, the Ethereum market is still dominated by bulk put trading. Currently, long positions are heavily concentrated in Bitcoin, while short positions still dominate Ethereum.