TokenDices

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What is the position of Bitcoin options traders in response to the US banking crisis?

What is the position of Bitcoin options traders in response to the US banking crisis?

Summary:

The cryptocurrency market has been trading within a narrow range due to regulatory uncertainty and the banking crisis. Bitcoin derivatives markets show that professional traders do not expect any major price corrections. The put-to-call ratio for Bitcoin options volume has been below 0.90 since April 26, indicating a higher preference for neutral-to-bullish call options.

Key Points:

– Cryptocurrency markets have been trading within a tight 7.1% range for the past 14 days due to regulatory uncertainty and the banking crisis.

– Bitcoin derivatives markets indicate that professional traders do not expect any major price corrections.

– The put-to-call ratio for Bitcoin options volume has been below 0.90 since April 26, indicating a higher preference for neutral-to-bullish call options.