Bitcoin Call Option Buying Surges Amid Price Rise, Indicating Bullish Market Sentiment

According to a CoinDesk report on September 30, data from Amberdata’s order flow tracking reveals a significant increase in buying activity for Bitcoin call options with a strike price of $75,000 and above on Deribit. Concurrently, investors are offloading put options. According to Greg Magadini, the director of derivatives at Amberdata, these patterns reflect a bullish sentiment for Bitcoin’s spot prices, matched by an anticipation of heightened price volatility.