Crypto News | Bitcoin Futures with good sentiment and perspectives

 The sentiment toward Bitcoin increased, pushing its price to a new all-time high of over $64,000, and investors are hedging against the upcoming volatility of the new digital gold.

Bitcoin has struggled to break its previous resistance of $60,000 in the past couple of weeks; however, investors are becoming more confident that BTC will continue to reach new highs. Data indicates December 31 call options of $100,000 and up to $300,000 are becoming increasingly attractive for investors, signaling a bullish path ahead.

Overall Bullish Sentiment

Open Bitcoin options are not the only indicator that investors are becoming more confident that the price of the cryptocurrency will reach new highs. Similar to the price increases from December 2020 and early 2021, Bitcoin miners are showing signs they are unwilling to sell for the current price. In December, miners’ decisions not to sell led to the price of Bitcoin doubling.

The dominant uptrend is reflected in the entire cryptocurrency market.

Bitcoin futures is not the only cryptocurrency for investors. Ethereum has seen an increase in volume futures options which spiked by 90% on April 13, reaching $380 million. Coinbase might not be the main catalyst for the spike in volume as investors are also considering Ethereum’s upcoming consensus change and the release of Ethereum 2.0. That could mean Ethereum will be more similar to Bitcoin as a store of value as more miners and investors will stake their coins.

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