🚀DeFi fans, buckle up! Over the weekend, Deribit, the leading crypto options exchange, saw a surge in bullish call options at $65k, $70k, and $75k. 📈This OTM call-buying frenzy signals a strong optimistic sentiment in the market.💪
Remember the 2020-2021 bull market? We're seeing similar flows, with investors paying premiums for these positions. 🐂 Bitcoin has nearly doubled to $50k since early October, thanks to ETF inflows. 🌊
🤔But what about the overbought conditions and Genesis' potential $1.6 billion crypto sale? Don't worry, folks! These factors might just be a breather before the next rally. 🚀
What do you think? Share your thoughts in the comments! 💬👇 #DeFi #Web3 #CryptoOptions