More BTC Options Traders Taking on Debt

Cryptocurrency traders have been heavily buying Bitcoin and Ethereum options positions after the digital asset market cooled last week. BTC options positions increased by approximately $100 million, while ETH options positions surged by nearly $15 million. BTC prices stabilized between $94,000 and $95,000, indicating a decrease in volatility. The implied volatility (IV) of BTC and ETH options both fell to a one-week low, suggesting a high bullish sentiment.