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Bitcoin’s recent price action and the increasing pace of institutional adoption suggest that traders betting on the June $80,000 Bitcoin call option will be handsomely
Up to $6.1 billion worth of Bitcoin options are set to expire on March 26 but derivatives data suggests that the expiry favors bullish traders.
Today’s $1.6 billion Bitcoin liquidation event might have flushed out some over-leveraged retail investors, but the overall market is still positioned in favor of bulls.
Bitcoin’s rally above $56,000 shifted Friday’s options expiry entirely in favor of bulls Cointelegraph By Marcel PechmanThis post was originally published on here*