From $140K Calls to $80K Puts

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Crypto News

Bitcoin BTC$90,733.77 options have flipped the script with a full 180-degree shift from last year’s uber bullish bets to a sharply bearish stance. Since late last year, traders were aggressively chasing bullish moves by piling into call options at strikes of $100,000, $120,000, and $140,000 on Deribit. Up until recent weeks, the $140,000 call was […]

Lutnick Plays Down Recession Fears at Bitcoin Lingers in 80K Range

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Crypto News

Treasury Secretary Howard Lutnick insists the U.S. economy is on solid footing despite concerns from Wall Street that a recession is in the cards. “Absolutely not,” he said on a Sunday edition of Meet the Press when asked if Americans should prepare for a downturn. “There’s going to be no recession in America,” he continued. […]