Bitcoin call options concentrate at strike prices above $50,000 ahead of February end-of-month expiry
Bitcoin call options ahead of February’s end-of-month expiry are concentrating at strike prices above the $50,000 mark, according to Deribit data.The price of bitcoin fell below the $49,000 mark over the past 24 hours, according to The Block’s Price Page.
BTC options market weighted toward longs
According to Kooner, the options market is heavily biased toward the long side. The Bitfinex analyst said that since bitcoin crossed the $48,000 mark, there is now an increasingly large number of call spread positions in the derivatives market.
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