Options traders bet big on Bitcoin reaching $120K despite low oddsHigh open interest at $120,000 strike price shows the market is betting on a big finish for Bitcoin in 2024.
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Options traders bet big on Bitcoin reaching $120K despite low oddsHigh 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 ATHThe gap between Bitcoin's price and true market mean price shows significant unrealized profits and potential market cooling. α Top Insights
📖More α ResearchRegulated exchanges dominate Bitcoin trading volumesThe 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 priceDespite 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 volatilityDecember's options/futures open interest ratio spike shows how traders' hedging exacerbates Bitcoin’s price volatility.
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