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Against the Odds, Some Bitcoin Traders Are Betting on a $36K Price by Year’s End

From coindesk.com

The Deribit crypto derivatives exchange is seeing increasing investor interest in bitcoin options that would profit from prices rallying as high as $36,000 by the end of 2020. As of Sunday, call options at $36,000 and $32,000 strike prices expiring on Dec. 25 were seeing the most daily positions opened. "We saw some out of the ordinary activity in the $36,000 December call," Luuk Strijers, CCO of Deribit, told CoinDesk in a Telegram chat. "Few buyers with most likely bullish expectations executed these trades." A call option gives the holder the right but not the obligation to buy the underlying asset at a ... (full story)

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  • Category: Fundamental Analysis