via CoinDesk · By CoinDesk Staff
S&P 500 call options volume surges to record $2.6 trillion. Here's what it means for bitcoin
BTC/USDT
$4,955,900,070.04
$64,940.51 / $64,293.81
Change: $646.70 (1.01%)
+0.0026%
Longs pay
As Wall Street chases upside in stocks like never before, the implications for bitcoin appear bullish, though with an important caveat.
The U.S. stock market is heating up in a way that suggests speculative mania. It matters to bitcoin as analysts have linked the cryptocurrency's recent rally to increased risk-taking on Wall Street.
The overheating signals come from options tied to the S&P 500.…
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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