High open interest at $120,000 strike price shows the market is betting on a big finish for Bitcoin in 2024.

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	Forwarded this email? Subscribe here for more Options traders bet big on Bitcoin reaching $120K despite low odds High open interest at $120,000 strike price shows the market is betting on a big finish for Bitcoin in 2024. Dec 22   READ IN APP   Happy α Sunday 💪⛓️🚀 Our Sunday newsletter is dedicated to the recent content from CryptoSlate Alpha, the web3 membership designed to empower you with cutting-edge insights and expert knowledge. Built on top of Access Protocol, Alpha is incredibly easy to join — you only need a Solana self-custody wallet and a small amount of ACS tokens to stake, which will grant you access to all research and reports. For more information, see more about CryptoSlate Alpha. 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here  https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. 📖 α Weekly Research Options traders bet big on Bitcoin reaching $120K despite low odds High open interest at $120,000 strike price shows the market is betting on a big finish for Bitcoin in 2024. AVIV ratio spikes as Bitcoin reaches new ATH The gap between Bitcoin's price and true market mean price shows significant unrealized profits and potential market cooling. α Top Insights 📖More α Research Regulated exchanges dominate Bitcoin trading volumes The rising preference for regulated exchanges reflects the market's shift toward compliance and stability. Bitcoin velocity hits 12-year low as institutional demand drives up price Despite reaching an all-time high, Bitcoin’s velocity continues to drop, signaling a new era of institutional accumulation. Options wield outsized influence on Bitcoin’s volatility December's options/futures open interest ratio spike shows how traders' hedging exacerbates Bitcoin’s price volatility. Questions? Get in touch with us here. Connect with us Telegram • Twitter • LinkedIn • YouTube • Instagram   Like Comment Restack   © 2024 Zenzio Incorporated 11010 Harbor Hill Dr NW, STE B405, Gig Harbor, WA 98332 Unsubscribe