Bullish bets on Bitcoin are now very attractive, as a 7% weekly decline highlights its bearish trend.

According to CoinWorld, bitcoin fell 7% last week, marking its largest decline in two months and breaking below a key upward trend line, sparking concerns of a bear market. US spot bitcoin ETF saw a net outflow of $1.33 billion, the largest in 11 weeks. However, some analysts point out that bullish options are currently trading at low prices, providing a potential low-cost opportunity to bet on a price rebound.