Oh, the drama in the world of Bitcoin [BTC] options trading! Some dare to dream of a $110K rally by March’s end, while others caution of potential losses and an extended sideways structure. What a delightful conundrum!
- Analysts dismiss Bitcoin’s breakout prospects in the short term.
- US spot BTC ETFs witness a whopping $580M in outflows recently.
It seems that our dear Bitcoin option traders have increased their wagers on BTC reaching the lofty heights of $110K by the end of March. However, Amberdata’s analysts predict that these bets might go up in smoke. Greg Magadini, the platform’s bigwig, had this to say:
//ambcrypto.com/wp-content/uploads/2025/02/Bitcoin-Options.webp” alt=”A dapper Bitcoin with a monocle and top hat, smirking at the chaos it’s causing.”>
QCP Capital, one of the world’s most prestigious crypto options desks, echoes the extended price range outlook. Their daily market update reveals that the market remains hesitant to take on decay, even at low volatility levels. How thrilling!
But, my dear readers, let us not forget the bearish divergence in the weekly BTC dominance chart. Crypto analyst Mathew Hyland warns that Bitcoin’s market share could plummet soon. Scandalous!
At the time of writing, BTC was valued at a mere $95K, having languished below the six-figure mark for nearly two weeks. The risk-off sentiment has also cast a shadow over U.S. spot ETF products, which saw combined outflows of $585.65M in the past week. How vexing!
So, there you have it! Will our beloved Bitcoin soar to new heights or succumb to the forces that seek to tame it? Only time will tell!
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2025-02-18 17:13