Bitcoin Options Traders Bet on Price Drop

Bitcoin options trading has seen a significant shift, with traders moving from optimistic call options to more cautious put options. The one hundred forty thousand dollar call option, once popular, has lost value, while put options at eighty-five thousand and ninety thousand dollars have gained popularity. This change reflects a cautious mood due to Bitcoins recent price drop and the approaching year-end. Despite the current bearish sentiment and oversold conditions, some experts suggest a potential rebound.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.