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

BTC

BTC/USDT

$63,834.01

+1.22%

$63,834.01

+1.22%

(24s)

24h Volume

$10,213,033,618.66

24h H/L

$64,388.00 / $62,942.00

Change: $1,446.00 (2.30%)

Long/Short

63.8%

Long: 63.8%Short: 36.2%

Funding Rate

+0.0008%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,858.95

▲ 0.50%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$65,658.42

Resistance 1$64,138.37

Price$63,858.95

Support 1$62,909.86

Support 2$61,056.47

Support 3$59,130.91

Pivot (PP):$63,810.39

Trend:Downtrend

RSI (14):38.8

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.

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