Greeks.Live researcher: The market has a strong bullish atmosphere and has entered the FOMO stage
A researcher at Greeks.Live, stated on social media that over the weekend, the options market had orders exceeding $5 million, almost all of which were buying call options. Some of them were combined with selling out-of-the-money options to reduce costs and create a bullish spread. Returning to Monday, BTC once again hit a new high for the year, with a large amount of short-term bullish spreads trading. Currently, the ultra-short-term IV has approached 80% across the board, and the market sentiment for long positions is strong, already entering the FOMO stage.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Siebert Financial Seeks $100 Million for Crypto and AI After SEC Nod
SBI Invests $50 Million in Circle in NYSE Debut
AI Overtakes Crypto in Online Chatter, Santiment Reports Growing Debate on Job Displacement
The conversation around artificial intelligence is intensifying across the crypto space, with AI discussions now overshadowing crypto itself in online forums, according to blockchain analytics firm Santiment.
UK Insolvency Service Appoints First Crypto Specialist to Boost Asset Recovery
The UK Insolvency Service has taken a significant step in modernizing its approach to asset recovery by appointing its first cryptocurrency intelligence specialist. This move comes as digital assets, such as Bitcoin and Ethereum, become increasingly prevalent in bankruptcy and criminal investigations.
Trending news
MoreCrypto prices
More
