$BTC Look at this BTC market—when it pulls back, is it more worrying in your heart than when it spikes? The open interest in futures contracts is now stacked up to $5.482 billion, while the spot price is hovering around $78,425. Guys, take a look at the options positioning—although there are more call options, the market sentiment looks like it’s playing games, and no one dares to fully commit their stance on one side. Isn’t this exactly the rhythm of the “waiting-for-the-big-show” play? But since the over-the-counter drama is so lively, don’t jump to conclusions in the short term—let’s see how these September-expiry contracts actually play out.

(via news_bitcoin)
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