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Bitcoin Traders Go Long as Derivatives Markets See Surge in Bullish Bets

  • Futures open interest in active Bitcoin contracts surged to $76.2 billion, signaling increased trader activity.
  • Major exchanges like CME, Binance, Bybit, and Gate are seeing significant growth in open positions.
  • Around 62% of Bitcoin options traders are betting on upward moves, with big-money contracts eyeing calls expiring in July and September at strike prices like $120K and $140K.
  • Despite minor dips in short-term futures positioning, there is growing optimism and commitment among derivatives participants, indicating preparation for a potential rally.

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