Traders on options brace for prolonged Bitcoin consolidation
Bitcoin options traders are signaling the onset of a "crypto winter," expecting a sustained period of price stability between $80,000 and $100,000. Bloomberg reported this, highlighting its significance for the cryptocurrency market.
Source Bloomberg
December contracts are notably more active than longer-term ones, with traders selling options en masse to profit from premiums. This indicates their expectation of limited significant price movements in the near future.
The market’s next movements will likely hinge on whether Bitcoin can maintain this range, influencing investors’ future strategies.
