Bitcoin

Options Bets Turn Defensive Ahead of a Bitcoin Price Showdown

Bitcoin derivatives traders are dragging a hefty book into September, with futures open interest at $54.82 billion while the spot price sits at $78,425 at 7 p.m. Eastern time on Aug. 30. Alongside this, options positioning tells a sharper story. Currently, calls dominate outstanding contracts, September expirations are heavily populated, and max-pain levels are mostly…

Bitcoin derivatives traders are dragging a hefty book into September, with futures open interest at $54.82 billion while the spot price sits at $78,425 at 7 p.m. Eastern time on Aug. 30. Alongside this, options positioning tells a sharper story. Currently, calls dominate outstanding contracts, September expirations are heavily populated, and max-pain levels are mostly […]

Source: https://news.bitcoin.com/market-updates/options-bets-turn-defensive-ahead-of-a-bitcoin-price-showdown/