Bitcoin has registered its first three-week winning streak since February, highlighted by traders buying call options with significant upside potential above $75,000.
This flow pattern suggests a bullish outlook for spot prices while anticipating an acceleration in price movement, as expressed by Amberdata's Director of Derivatives, Greg Magadini.
A break above $75K could lead to a swift rally through all-time highs toward $100K, where the last resistance levels lie.
China's stimulus announcement and significant inflows into U.S.-listed spot ETFs likely contributed to Bitcoin's sustained upward trajectory during this winning streak.
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