Bitcoin options market turns bullish for first time in a year
- —BTC options 25-delta skew turned positive for the first time in a year
- —$710 million in open interest concentrated at the $80,000 strike for December 25
- —$530 million at the $100,000 strike, bets on year-end gains
- —Market prices in ~85% probability of a Fed rate hike on September 16
Why it matters: The outcome of the Fed meeting and the CLARITY Act vote will determine whether the options market's bullish scenario materializes.
Source: Bloomingbit
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