More BTC Options Traders Taking on Debt
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Cryptocurrency traders have been heavily buying Bitcoin and Ethereum options positions after the digital asset market cooled last week. BTC options positions increased by approximately $100 million, while ETH options positions surged by nearly $15 million. BTC prices stabilized between $94,000 and $95,000, indicating a decrease in volatility. The implied volatility (IV) of BTC and ETH options both fell to a one-week low, suggesting a high bullish sentiment.
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