Bitcoin Traders Set Sights on $30,000 Even as Momentum Wanes

From bnnbloomberg.ca

Crypto investors are scooping up call options betting on a Bitcoin rebound to $30,000, even as momentum in the digital-asset market stalls. Bitcoin options open interest rose in February to $9 billion, according to Bloomberg Intelligence’s Jamie Coutts, who cited Glassnode data. The last time it was at this level, the coin had been trading around $45,000, whereas it’s currently hovering around $23,500. It’s the largest 14-day rate of change in its history, and is a record high when measured as a percentage of market cap, he said. “Too much leverage has been funneled into this asset in the short-term,” ... (full story)