Investors are ramping up their bets on Bitcoin, hedging their positions with $50,000 call options in anticipation of a critical decision regarding Bitcoin exchange-traded funds.
As the crypto market continues to evolve and mature, the impending verdict on the ETF is drawing significant attention from both institutional and retail investors.
The call options, which grant investors the right to buy Bitcoin at a predetermined price of $50,000, are seen as a strategic move to protect against potential volatility stemming from the ETF decision.
This proactive approach allows investors to secure their positions while still benefiting from potential upside if the ETF gets approved.
The Bitcoin ETF decision, expected in the coming weeks, has the crypto community abuzz with speculation.
