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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
$59,200.09
-0.94%
$59,200.09
-0.94%
(24s)24h Volume
$31,543,012,775.04
24h H/L
$61,962.40 / $58,115.01
Change: $3,847.39 (6.62%)
Long/Short
71.6%
Long: 71.6%Short: 28.4%
Funding Rate
-0.0002%
Shorts pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(09:20 AM UTC)
1 min read
684 views
0 commentsAs 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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