High priced $32K Bitcoin options show some pro traders expect more upside
Cointelegraph
Published Nov 28, 2020 07:15PM ET
Updated Nov 28, 2020 09:00PM ET
A month ago, one would be hard pressed to find any investor who would have expected a $32,000 Bitcoin (BTC) price for January. At the time, a 140% upside was needed from the $13,300 price on Oct. 30 and this seemed quite far fetched.
Therefore, the January $32,000 BTC call (buy) options traded at Deribit for a meager $67, or 0.005 BTC in late October.
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Written By: Cointelegraph
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