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6 months agoCryptocurrency
Crypto Traders Load Up on Bitcoin Topside Option Plays After Binance's Gulity Plea
Binance CEO Changpeng Zhao (CZ) pleaded guilty to violating U.S. anti-money laundering laws and stepped down as part of a $4.3 billion settlement.
Despite this news, the options market saw increased activity in topside bitcoin call options, indicating persistent bullish sentiment.
Market participants traded a large number of BTC $45,000 strike call options with a March 2024 expiry, expecting a continued price rally in bitcoin. [ more ]