On March 9th, QCP Capital noted Bitcoin’s strength as geopolitical tensions pushed oil prices above 115 USD, while Treasuries and gold failed as safe havens. The market sentiment shows easing crash fears, evidenced by moderating bearish inclinations in options trading.
March has also seen high open interest in call options at 75,000 and 125,000, signaling a bullish sentiment for Bitcoin. The expectations for continued volatility suggest a market reassessment, with investors looking ahead to key economic data releases.
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