BTC 'ready to squeeze higher' with some $1.5 billion worth of shorts concentrated around the $72,000 that can be liquidated, Matrixport noted.
"Options flow was clearly bullish today with big sizes on long BTC OTM [out-of-money] call spreads in end June, and to a lower extent end July," institutional crypto derivatives trading network Paradigm said in a Telegram broadcast.
Joshua Lim, co-founder of crypto derivatives principal trading firm Arbelos Markets, noted 'very concentrated call buying' on Tuesday with about 1100 contracts purchased of June 28 expiration call spreads in $74,000-$80,000 strikes, representing around $80 million notional demand.
#btc-options-trading #bullish-market-outlook #crypto-derivatives #call-options #bitcoin-price-movement
[
add
]
[
|
|
...
]