Analysis: Bitcoin options trading shows bullish sentiment, expectations of market gains in 2025 rise

Odaily Odaily News According to CoinDesk data, BTC fell more than 1% in the past 24 hours to $64,500. Despite this, Bitcoin options trading on the Deribit exchange tends to favor call options above market prices. QCP Capital said that large purchases of options with December and March expiration and strike prices of $90,000 to $100,000 in the past 24 hours indicate that the market is bottoming out and preparing for a rebound that may last until 2025. The bullish sentiment in the options market diverges from the price trend of Bitcoin, especially in the long-term market, showing investors' expectations of future price increases. At the same time, Bitcoin decoupled from the Nasdaq's trend as long-term holders and miners sold Bitcoin and the German government planned to sell $425 million worth of BTC. (CoinDesk)