CoinWorld News: Wintermute OTC Trading Lead Jake Ostrovskis posted options market trading data on X and stated, "The bullish bets are still ongoing, with another $13 million invested overnight in $100,000 call options expiring on February 27 and $98,000 call options expiring on January 30. As the new year begins, the market is building new positions, and the implied direction of the price trend suggests a potential relief rally in the first quarter." Odaily note: A relief rally generally refers to a temporary upward movement driven by easing negative sentiment after sustained negative pressure, panic, or decline.
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CoinWorld News: Wintermute OTC Trading Lead Jake Ostrovskis posted options market trading data on X and stated, "The bullish bets are still ongoing, with another $13 million invested overnight in $100,000 call options expiring on February 27 and $98,000 call options expiring on January 30. As the new year begins, the market is building new positions, and the implied direction of the price trend suggests a potential relief rally in the first quarter." Odaily note: A relief rally generally refers to a temporary upward movement driven by easing negative sentiment after sustained negative pressure, panic, or decline.