Crypto markets roared back to life last week, quickly bouncing back from a whale-induced sell-off. The total crypto market cap even reclaimed $4 trillion (its highest since early 2022), setting a bullish tone going into this week.
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On PowerTrade, trading activity was dominated by the big names. Bitcoin (BTC) and Ethereum (ETH) options saw the highest volumes by far, with XRP, Binance Coin (BNB) and Dogecoin (DOGE) also among the most traded tokens on the platform. Notably, PowerTrade’s client positioning data reveals a clear bullish bias: open interest in call options vastly outnumbers put options for most major assets. For instance, open interest in BTC and ETH call options is roughly 4x the put open…
