Bitcoin ($BTC) Options Traders Are Seeing Some Bullish Signs in the Market, Bloomberg Reports - Aliens: AI Crypto News & Markets Updates
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Bitcoin ($BTC) Options Traders Are Seeing Some Bullish Signs in the Market, Bloomberg Reports

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CryptoGlobe

Mon, Jun 27, 2022

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As the cryptocurrency market endured a significant sell-off and is seeing the prices of major cryptoassets remain muted relative to a year ago, Bitcoin ($BTC) options traders are seeing a silver lining in the sell-off as bullish signs emerge.

According to a Bloomberg report, numerous experts have been pointing to numerous bullish signs being seen in the options market.

Chu added that his firm has been seeing traditional finance participants show interest in options and enter the market.

Amber Group, a digital asset firm, has published a report showing that institutions have been increasing their demand for put options in the wake of liquidations seen in the cryptocurrency market over the last few years.

Luke Farrell, a trader at crypto market maker GSR, told Bloomberg that institutions are entering the options market to hedge positions or portfolios.

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