RATE Group | Bitcoin Futures and Options Volume is Surging; Expect an Explosive Movement
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Bitcoin Futures and Options Volume is Surging; Expect an Explosive Movement

11 Mar Bitcoin Futures and Options Volume is Surging; Expect an Explosive Movement

Posted at 03:07h in Bitcoin News by

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Bitcoin (BTC) and the aggregated cryptocurrency markets have been trading sideways over the past day, with bulls’ attempt earlier today to recapture $8,000 proving to be fleeting due to an abundance of selling pressure within this price region.

It now appears that big traders are anticipating Bitcoin to make a massive movement in the days ahead, as the cryptocurrency’s CME Futures volume is climbing to levels not seen since the benchmark cryptocurrency began its descent from highs of $10,500.

Data regarding Bitcoin’s options volume also seems to confirm this notion, as it just hit a fresh all-time high.

Bitcoin Hovers Just Below $8,000 as Bulls and Bears Reach an Impasse

At the time of writing, Bitcoin is trading up just under 2% at its current price of $7,950, which marks a notable climb from recent lows of $7,600 and a slight decline of daily highs within the lower-$8,000 region that were set earlier this morning.

Today’s bout of consolidation comes close on the heels of the…

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