Bitcoin [BTC] extended its weekly gains to 12% on Friday after surging to $73.9K. At the time of writing, BTC had given back some of its gains and traded at $70.6K.
But overall investor returns and relative strength against gold and tradFi markets reinforced crypto assets as a hedge during geopolitical tensions.
With the potential end to the West Asia crisis still unclear, could it fuel BTC’s rally in the near term?
Options traders eye $75k
As the West Asia crisis drags on, there are two weeks to the end of the quarter Option expiry. Hence, the Options market positioning could offer another view into investors’ risk appetite and expectations in the near term.
According to Glassnode, $75K remained a key…
