Crypto.news – Financial reports that the demand for Bitcoin (BTC) options contracts has reached a new high. On-chain data provider Glassnode highlights that the heights of a bull bitcoin market and the depths of a bear one have distinct signatures.
A survey conducted by BitcoinIRA, a platform that allows individuals to manage their retirement funds, found that investors remain positive about crypto despite the fall in bitcoin’s price. The market has shown resilience, outperforming other financial instruments and currencies during the first half of the year. This trend has led market observers to believe that this could signal the start of a bull market, as smart investors are returning to the crypto-space.
Options contracts provide investors with a risk-defined exposure, as they allow them to set parameters to limit their losses. This increasing interest in these contracts is a reflection of the investors’ desire to explore new strategies and maximize profits while minimizing risks.
At the time of writing, the Bitcoin price had increased by 13.8% this month, although it had since dropped 1.25% from the previous 24 hours.
This article was first published on Crypto.news.
