Deribit sees surge in Bitcoin call option buying activity for $75,000 and above
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According to order flow data tracked by Amberdata, as the Bit coin price rises, buy activity for Bit coin call options with strike prices of $75,000 and above on Deribit has surged, and investors have also sold put options. Amberdata's derivatives director Greg Magadini said, "This flow pattern suggests a bullish outlook on the Bit coin spot price (due to put option selling), while also anticipating increased price volatility." (Coindesk)
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