Analyst: Bitcoin options traders betting on a bullish price breakout above $100,000 in September
Golden Finance reported that QCP Capital analysts said that Bitcoin risk reversal has turned for the better, with call options now more expensive than put options. This shows investors' bullish sentiment, as they are willing to pay higher prices for options that benefit from Bitcoin's rise than for options that prevent price declines. QCP Capital analysts added that we are seeing a resurgence in demand for September Bitcoin call options with a strike price of $75,000 and a $100,000 call option.
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