Short-term risk reversals on Deribit turned negative, with bearish block trades including short positions on $108,000 calls. This contrasts with recent weeks where traders exhibited strong bullish call biases. Traders fear Wednesday’s Federal Reserve announcement of a 25 basis point rate cut may include signals of slower rate reductions for 2025. Bitcoin price continues to extend its weekly gains beyond 10% hitting a fresh all-time high of $107,700 earlier today. Although BTC continues to smash new records, the options data shows that traders aren’t chasing new highs for the world’s…
Bitcoin Options Data Shows Caution among Traders, What’s Next?
