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Wednesday

25 November 2020

Bitcoin Derivatives See Record Highs, Year-End BTC Options Show 29% Chance Price Crosses $20K | Finance Bitcoin News

Bitcoin Derivatives See Record Highs, Year-End BTC Options Show 29% Chance Price Crosses $20K | Finance Bitcoin News


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Bitcoin futures have surpassed a six-month high at $52 billion, while the crypto asset’s options markets have jumped massively too.

Additionally, bitcoin options markets indicate that traders wager there’s a 29% chance the price of BTC will be above $20,000 by December 25, 2020.

Data from the website Coinalyze indicates that global BTC futures have spiked over $52 billion, which is the highest derivatives markets have seen in over six months.

Skew.com also highlighted bitcoin options markets and the probability of the crypto asset reaching the $20k handle.

Traders tend to believe derivatives markets like bitcoin futures and options can help forecast future market sentiment.

What do you think about the recent bitcoin derivatives markets touching all-time highs and the probability of bitcoin reaching the $20k handle.

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