- Bitcoin (BTC) options trading is surging as October, historically the most profitable month for BTC, approaches.
- The report shows that risk-on sentiment is growing among investors on the back of the US Federal Reserve’s rate cut and speculation that Bitcoin will exceed $100,000 by December. There is.
- Bitcoin spot trading volume doubled in September to $10 billion, but is still below its September 2022 high.
As October approaches, traders are ramping up activity in the options market, particularly regarding Bitcoin contracts expiring by the end of this month. This can be attributed to historical data showing that October has always been the most profitable month for BTC, which has only been recorded twice since 2013 when prices were low.
According to recent information, Report from Kaikothe trend is toward a “risk-on” mindset. Recent moves by the US Federal Reserve have begun a cycle of rate cuts, and market trends are particularly determined by these recent actions.
The financial shift is already causing an increase in speculative trading, especially with expectations for further interest rate cuts by the end of the year. Market sentiment is currently optimistic as significant trading volume is focused on contracts that are expected to take Bitcoin prices above $100,000 by December 27th.
Moreover, the upcoming US elections are amplifying speculation in the trade industry. Candidates are changing their stance on digital assets, further increasing market intrigue. Notably, Democratic candidate Kamala Harris has revised her position on cryptocurrencies, and former President Donald Trump has expressed support for the area.
Interestingly, while Bitcoin spot trading volume has doubled year-on-year to $10 billion in September, which is an impressive increase, it is far from the all-time high recorded in September 2022. This inconsistency suggests that the recent bull market is indeed being driven by the world’s sophisticated traders. It is aimed at the options market rather than the broader retail investor base.
Altcoins outperform Bitcoin and Ethereum
The market strength extends to the altcoin space, as several major cryptocurrencies have recently outperformed Bitcoin and Ethereum. The Kaiko Top 15 Index has reached its highest level since late July, supported by increased interest and price maintenance across a range of altcoins. However, liquidity remains a concern as trading volumes remain below all-time highs.
In Asia, traders are showing renewed interest in potential signs that the altcoin trading environment could become unforgiving, especially since China’s recent economic stimulus package. All these developments create a mixed but hopeful outlook for what is expected to be a pivotal quarter for cryptocurrencies.
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