Bitcoin futures traders are exhibiting significant bullish sentiment this October, with buy volumes surpassing sell volumes by nearly $2 billion near all-time price highs for BTC. Trader optimism is heightened as CME Group’s $110k “gap” remains unaddressed.

Key takeaways:

• The enthusiasm for Bitcoin futures is demonstrated by increased buy volumes as traders adopt a long-term bullish stance.
• The $110k gap in CME Group futures continues to attract attention as a target for future price corrections.
• ETF options are becoming more popular, with open interest in BlackRock’s IBIT nearing $40 billion.

Reflective of this shift, J. A. Maartunn, a representative from CryptoQuant, noted in a recent analysis that Bitcoin futures markets are rapidly adjusting to new bullish sentiments. “Futures buyers are stepping up,” he mentioned alongside important charts showing recent trading activities.

Further insights indicate Bitcoin derived momentum arises from whales in the derivative market, suggesting a robust increase in net buying activities across exchanges like Binance. Despite recent price volatility, the overall outlook for Bitcoin remains positive, with prospects for substantial movement in the coming months.

This article does not provide investment advice. All moves in trading entail risk, and readers should undertake their own due diligence.