Signals from the bitcoin options market – Is a price drop coming?


It has been a bumper beginning of the year for bitcoin. The price of the asset has pushed passed US$20,000 and has enjoyed double-digit percentage gains in the last fortnight. There is a confluence of puts forming around the US$14-15,000 price level. These bearish bets are likely by bleak economic forecasts for 2023. Which way will the price move next?


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