Bitcoin Options Block Trading Flashes Bearish Signs Despite BTC Reclaiming $60K

WikiBit 2024-08-20 21:10

After a long period of dormancy, the Bitcoin options block trading has seen a significant resurgence

After a long period of dormancy, the Bitcoin options block trading has seen a significant resurgence clocking notable activity to more than $500 million in notional value. The recent trading activity suggests that traders have turned more bearish despite the Bitcoin (BTC) price attempting a reversal surging past $61,000 as of press time.

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