How Bitcoin Options Traders Are Positioning for Uptober | US Crypto News
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee as Bitcoin (BTC) traders look back at the final expiry of September and look ahead to what many call Uptober, a month often marked by rallies in past years. Interest comes as options positioning and institutional flows may decide whether momentum breaks higher or stalls.
Crypto News of the Day: Traders Are Betting on Higher Prices in OctoberCrypto traders are buzzing about Uptober, the nickname given to October for its history of strong Bitcoin rallies.
However, before the month even begins, options markets are sending mixed signals after a record expiry, with heavy bets on higher prices, and the possibility of a sudden breakout once contracts roll off.
As BeInCrypto reported, over $16 billion worth of Bitcoin options contracts expired today on Deribit, one of the largest expiries ever.