Bitcoin (BTC) Still on a Knife Edge! Options Bulls
Bitcoin (BTC) Still on a Knife Edge! Options Bulls Expect This Level in the Short Term!#HTX Creation Challenge — Post and Win 1,500U 💥 #World Cup Predictions: 100,000 USDT Daily #World Cup Predictions: 100,000 USDT Daily $BTC
The prolonged negotiations between the US and Iran, coupled with the Federal Reserve’s (FED) tight monetary policy messages under new chairman Kevin Warsh, and decreased appetite for risky assets, caused Bitcoin to fall. However, according to the data, the decline in Bitcoin is not over, and preparations for a $52,000 level have begun.
According to Deribit data, $BTC options traders are buying put options, betting that the price will fall as far as $52,000.
According to Deribit data, there has been significant buying activity in short-term and near-term put options in the last 48 hours. Specifically, there was considerable buying activity in put options expiring between June 22nd and July 31st.
Accordingly, Bitcoin options traders are betting that the price could fall to $52,000 within a few weeks.
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