Despite its recent recovery, the leading cryptocurrency Bitcoin is struggling to sustainably surpass the $87,000 level. Continuing its sideways movement in the $85,000-$86,000 range, expectations for an upward trend in $BTC are increasing.
At this point, the latest analysis comes from Coinbase Markets analysts. The assessment from account X indicates a significant increase in short-term bullish expectations in the Bitcoin options market.
Bullish Expectations in Bitcoin Options are Strengthening!
Coinbase analysts noted that the implied volatility of one-week $BTC call options was 2.1 points higher than that of put options with the same expiry date.
