Bitcoin traders appear to be quite optimistic for April with the most crowded options trade being $80,000 according to data from the derivatives exchange Deribit as compiled by the analytics startup Glassnode.
“Bitcoin price expectations for April are high with lots of investors placing their new bets on $80k,” Glassnode’s co-founders said.
Some are even more bullish, betting bitcoin will reach $120,000 this April while bears appear to have low ambitions of just a yet another return to $40,000 as pictured above.