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Bitcoin Options Market Sees Low Chance of Record High This Year

CoinDesk
 2021-07-23

Cover picture for the articleOptions traders are pricing an 8% chance of the cryptocurrency rising to a new peak above $64,800 by Dec. 31. Bitcoin has more than halved since peaking above $64,000 in mid-April. Bullish sentiment has weakened so much that the annualized rolling three-month basis (spot minus futures) in bitcoin futures listed on Binance fell to zero earlier this week. Futures listed on Binance, the world’s largest crypto exchange by trading volume, traded at a premium of nearly 40% during the height of the bull run.

www.coindesk.com

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