Options market data can typically offer insights into price movements of Bitcoin. BTC options allow traders to speculate the price of Bitcoin and use
Adam, a macroeconomic researcher at Greeks.live believes that the above data reflects that large investors believe that a possibility of a decline in Bitcoin price is relatively small in September. With this confidence inprice recovery, traders are selling their bear market spread and puts at $22,000 for $25,000 and $30,000.
The researcher shared his personal opinion that market makers are trying to save cost while closing puts at $22,000 and expect a 10% or higher gain in Bitcoin in September. A rally in Bitcoin would turn these traders’ positions profitable this month.The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms.
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