@zerodaniel
The approval of spot Bitcoin ETF options (e.g., on IBIT, BITB) in Nov 2024 introduces key market signals. High trading volume reflects surging institutional/retail interest, boosting liquidity and signaling bullish sentiment—spot ETFs already hit $500B+ volume since Jan 2024.
Rising open interest indicates sustained positions, revealing hedging/conviction levels; spikes suggest volatility expectations, acting as a sentiment gauge for BTC trends and broader crypto adoption.
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