Optimism Surrounds Bitcoin Options Trading on BlackRock's IBIT

According to Odaily, Eric Balchunas, a senior ETF analyst at Bloomberg, recently shared insights on the X platform regarding the trading activity on BlackRock's IBIT. He highlighted that the options trading volume has reached several hundred million dollars, with significant activity observed on the first day of listing. The data indicates a strong preference for call options, suggesting a bullish sentiment among traders. Notably, the C100 options expiring on December 20 are drawing attention, as they reflect a bet on Bitcoin's price doubling in the coming month. This optimistic outlook underscores the market's confidence in Bitcoin's potential for substantial gains in the near future.