A recent analysis from GreeksLive, a platform specializing in cryptocurrency options, highlights the varied sentiments among market players as of September 27.
The data reveals that some investors are offloading Bitcoin (BTC) call options priced at $110,000, while others are purchasing put options at $109,000. These contrasting strategies indicate uncertainty regarding the market’s performance in the fourth quarter. Some investors dismiss optimistic predictions circulating online as exaggerated and describe recent price movements as irrational.
The report further mentions that with the weekend approaching, volatility has notably decreased, reducing the likelihood of significant price fluctuations. Despite this calmness in volatility, numerous traders have opted to secure profits by closing their positions on ETH call options and BTC put options before heading into the weekend.
Meanwhile, although there is talk of a potential $112,000 target for BTC over the weekend, current investor behavior suggests a more cautious and somewhat bearish stance.
*This content does not constitute investment advice.