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Citi traders are betting that the Federal Reserve will make three 50 basis point rate cuts this year, a bet that has beaten the market and the bank's economists' expectations. Citi's short-term rates trading arm said the Fed will aggressively ease policy if it sees weakness in the labour market. Currently, swap transactions suggest a 50 basis point cut this month is about a one-in-three chance. Akshay Singal, global head of short-term rates trading at Citi, said: "...
Options traders are upping their bets that bitcoin will hit an all-time high by the end of the month amid optimism about a U.S. interest rate cut and increased inflows into exchange-traded funds. All bitcoin call options with a strike price of $75,000 on the expiration date have the highest number of unpositioned squaring contracts, according to data compiled by cryptocurrency options exchange Deribit. This is followed by call options with a strike price of $100,000 and $80,000. Deribit CEO Luuk...
According to QCP Capital analysts, Bitcoin risk reversal has turned for the better and call options are now more expensive than put options. This indicates a bullish sentiment among investors as they are willing to pay more for options that benefit from Bitcoin's rise than options that prevent the price from falling. QCP Capital analysts added, We are seeing a resurgence of demand for September Bitcoin call options with a strike price of $75,000 and a $100,000 call option.
Analysts say bitcoin options traders are betting that the price of bitcoin will break through $100,000 in September.
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