Bitcoin Short Positions Surge on Binance Amid Institutional Inflows and Options Expiry

On-chain data reveals a trend of Binance traders initiating new short positions in the crypto market. Bitcoin options with a value of $1.12 billion are nearing expiration, showing a put/call ratio of 1.17. BlackRock’s IBIT fund has experienced substantial inflows, accumulating over 325,000 BTC within a six-month period. Discover the latest developments in the cryptocurrency

Source: CoinOtag