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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
BTC/USDT
$62,928.01
-0.35%
$62,928.01
-0.35%
(24s)24h Volume
$3,438,360,857.98
24h H/L
$63,390.00 / $62,754.00
Change: $636.00 (1.01%)
Long/Short
69.3%
Long: 69.3%Short: 30.8%
Funding Rate
+0.0028%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(09:20 AM UTC)
1 min read
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.…
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