Cryptocurrency Options Traders Bet $540 Million on Call Options Expiring on June 28th

IconCrypto News Terminal22 Apr, 2024

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Cryptocurrency Options Traders Bet $540 Million on Call Options Expiring on June 28th

**Cryptocurrency Options Traders Bet Big on Bitcoin's Growth** According to a report by DLNews, cryptocurrency options traders have placed a massive $540 million bet on call options that expire on June 28th. This indicates a growing positive sentiment in the options market following the recent Bitcoin halving event. Basedmoney, a Bitcoin options data tracking platform, revealed that over half of the 48,800 bullish bets or call option positions set to expire on June 28th are "in the money" if Bitcoin (BTC) reaches $75,000 by the expiration date. This suggests that traders are confident in BTC's growth potential. The Put Call ratio of Bitcoin options expiring on June 28th is currently at 0.39, indicating that the market is optimistic about the underlying asset. Previously on 22 April 2024, "Cryptocurrency options traders bet $540 million on call options that expire on June 28th".

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