Options Traders Show Signs of Bullish Sentiment for Bitcoin and Ethereum
- Bitcoin price has increased by 1% over the past 24 hours, currently trading at $89,751.
- Ethereum is also up by 1%, trading above $3,000 with an intraday high of $3,056.
- Trading volumes for Bitcoin and Ethereum have surged by over 70% and 92%, respectively, in the last day.
- The options skew for both Bitcoin and Ethereum has shown signs of improvement, indicating a less bearish outlook among traders.
- The upcoming December options expiry on December 26 may influence future price movements for BTC and ETH.
Recent data suggests that options traders are becoming less bearish on Bitcoin and Ethereum, reflecting a potential shift in market sentiment as the holiday season approaches.
With Bitcoin’s price hovering around $89,751 and significant increases in trading volume, there are indications of a possible positive trend in the crypto market.(Source)
