Bitcoin (BTC) Merchants Make $100K Worth Bets By CME Choices as Worth Hits Report Excessive: CF Benchmarks

Based on CF Benchmarks, merchants are flocking to the $100,000 name choice on the CME, a location favored by institutional traders, following the lead of their Deribit-based counterparts. A name choice provides the purchaser the fitting, however not the duty, to buy the underlying asset at a predetermined worth on or earlier than a particular date. A name purchaser is implicitly bullish in the marketplace.