12:42 - 30.09.2024

---

September 30, Fineko/abc.az. Crypto traders are actively buying up bitcoin call options with a strike price of $75,000 in the hope of further growth of the digital asset.

ABC.AZ reports that Coindesk writes about this with reference to Amberdata data.

Bitcoin recorded its first three-week winning streak since February of this year. In the week to September 29, the most popular cryptocurrency gained 3% in price. The growth in the value of the asset was influenced by the announced measures to stimulate the Chinese economy, as well as the high inflow of funds into spot bitcoin ETFs.

Amid increased purchases of call options, investors also began to reduce positions in put options.

"This flow model assumes an optimistic forecast for spot prices (due to the sale of putts), and also assumes an acceleration in price movement," said Greg Magadini, director of derivatives at Amberdata.

The expert believes that a bitcoin breakthrough above $75,000 can lead to rapid growth to historical highs and reach $100,000.