Market Wrap: Bitcoin Hits $13.6K; 500K ETH Options Pile Up for December
Bitcoin’s price is turning bullish as ether options traders accumulate half a million of ETH options for December expiration.
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Bitcoin’s price is making gains not seen since back in 2017 while traders increasingly bet on ether’s December performance.
Bitcoin’s price popped Thursday while options traders take bearish ether October bets.
Bitcoin’s price jumped on news of payments firm Square’s investment while traders have amassed over $165 million in ether options open interest for December expiration.
A bullish bitcoin mentality appears to be forming in the options market while ether continues on its roller coaster.
Bitcoin prices approached $11,000 in early trading Monday as the ether options signal short-term gyrations.