Bitcoin Traders Bet on Rebound to $90K Amid Market Base Formation

A recent surge in trading activity suggests that some Bitcoin traders are optimistic about the cryptocurrency's future performance.

The data shows that more traders are buying call options with strike prices above $90,000, while selling put options at lower levels. This trend indicates that investors expect a rebound to higher price levels in the coming months.

Analysts point out that this behavior is often seen as an early sign of a market base forming, which can precede a significant price increase. However, it's essential to note that past performance is not a guarantee of future results, and there are no certainties in cryptocurrency markets.