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Deribit Executive Says ‘Sophisticated Institutional Positioning’ Driving Bitcoin’s Upside

Bitcoin’s options pit stayed rowdy Monday evening as the price cooled to $124,843 at 8 p.m. EST after a quick rip to the $126,272 lifetime high. Options Appetite Climbs With Price as ETFs and Macro Tailwinds Bite On the...

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Deribit Executive Says ‘Sophisticated Institutional Positioning’ Driving Bitcoin’s Upside
Bitcoin’s options pit stayed rowdy Monday evening as the price cooled to $124,843 at 8 p.m. EST after a quick rip to the $126,272 lifetime high. Options Appetite Climbs With Price as ETFs and Macro Tailwinds Bite On the options board, calls still carry the baton. Coinglass.com stats show calls represent 59.77% of open interest […]

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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