Bitcoin (CRYPTO: BTC) traders are quietly adjusting their strategies, moving away from downside protection and increasingly positioning for potential gains, according to a new report from 10x Research.
The report shared with Benzinga on Monday, highlights a significant rotation from put buying to call selling, as recent market activity points to declining volatility and changing sentiment.
The notional value of Bitcoin options has dropped sharply, falling by $13 billion, or 33%, in just a few days.
This shift, according to 10x Research, could signal a critical turning point for Bitcoin’s price action and the broader …