While bitcoin (BTC) continues to reach new lifetime highs, the latest options market trend indicates that traders aren’t chasing the uptrend with the same zeal as before.
On Monday, BTC’s price rose above $107,000, surpassing the previous peak on Dec. 5 and taking the cumulative post-U.S.-election gain to over 50%, CoinDesk data show.
The rally follows President-elect Donald Trump’s assurance that the U.S. will build a bitcoin strategic reserve similar to its strategic oil reserve. Analysts expect the winning streak to continue next year, with prices ranging between $150K to $200K by the end of the following year.
However, the current pricing of options trading on Deribit indicates that traders aren’t chasing the rally like they used to, signaling a more cautious outlook for the short term.
At press time, the 25-delta risk reversal for options expiring on Friday was negative, indicating the relative richness of put options that provide protection against price drops. Puts expiring on D
We współpracy z: https://www.coindesk.com/markets/2024/12/17/bitcoin-traders-no-longer-chasing-record-price-rally-like-before-options-data-show
