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via CoinDesk · By CoinDesk Staff

A $5 billion cluster has formed in bitcoin options. It tells a bullish story

BTC

BTC/USDT

$64,421.90

+0.41%

$64,421.90

+0.41%

(24s)

24h Volume

$4,829,295,382.63

24h H/L

$64,475.28 / $63,810.00

Change: $665.28 (1.04%)

Long/Short

65.4%

Long: 65.4%Short: 34.6%

Funding Rate

+0.0005%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,402.00

▲ 0.41%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$64,562.78

Price$64,402.00

Support 1$64,050.00

Support 2$62,909.86

Support 3$61,277.48

Pivot (PP):$64,562.78

Trend:Uptrend

RSI (14):50.8

CoinDesk Staff

(11:34 AM UTC)

1 min read

Updated byMichael Roberts

1436 views

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BTC options open interest on Deribit. (Deribit Metrics)

Summary

Bitcoin options on Deribit are heavily concentrated at the $70,000 and $72,000 strikes, which together account for nearly $5 billion, or about 18%, of the exchange’s $28 billion in open interest.
Call positions at those strikes vastly outnumber puts, reflecting strong bullish sentiment. Large bull call spreads and outright call…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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