Greeks.live: Options data shows that institutions have strong expectations for Bitcoin to reach $110,000 by the end of the year
Adam, a macro analyst at Greeks.live, posted "Weekend Bulk Order GPT Analysis" on X:
BTC contract exercise price: Bullish and bearish options frequently appear between $90,000 and $115,000, indicating the market's high expectation of volatility in this price range.
ETH contract exercise price: Between $3,500 and $10,000, showing the market's expectation that ETH prices may fluctuate significantly.
Term: The concentrated term is from 27DEC24 to 31JAN25 with mainly short-term trades.
Most bulk orders over the weekend are long positions. Orders above $100k dominate by month-end. Institutions are optimistic about the market before year-end. Bitcoin hit a new high today; according to option data institutions have strong expectations for it reaching $110k by year-end.
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.
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