Asia Color - 17 Oct 24
1/ Yesterday, #BTC rallied 2.20%, briefly reclaiming the $68,000 mark, thanks to strong spot demand. Let’s dive into the key factors driving this momentum! x.com/i/web/status/18468722644...
2/ The desk observed heavy buying in long-dated options during US trading hours, with 600 contracts at the 120k strike. This indicates that optimistic, long-shot buyers are making their return amid the rally. #BTC spot ETFs saw inflows of $456.90 million yesterday, marking a… x.com/i/web/status/18468722671...
3/ The upcoming US election is poised to be a significant catalyst for #BTC and the crypto market. Markets are uncertain about Bitcoin's trajectory post-election, with options trading at a 10% premium due to the potential volatility.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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