Bitcoin broke through the $70,000 zone without warning, one step away from a new all-time high.
The rapid rise has driven all major term IVs up significantly, with BTC Dvol now over 78%, and market sentiment has quickly reversed to a long atmosphere.
More than 600 BTC of $100,000 strike call options have just been traded in Block trade, with a notional value of up to $45 million, and $8.5 million worth of premiums alone.
The entire market has entered a long rhythm, and with the halving approaching, new all-time highs and $100,000 are close at hand.
The rapid rise has driven all major term IVs up significantly, with BTC Dvol now over 78%, and market sentiment has quickly reversed to a long atmosphere.
More than 600 BTC of $100,000 strike call options have just been traded in Block trade, with a notional value of up to $45 million, and $8.5 million worth of premiums alone.
The entire market has entered a long rhythm, and with the halving approaching, new all-time highs and $100,000 are close at hand.