Open interest in Bitcoin options $BTC with an expiration date in December significantly exceeds contracts with longer terms. This was stated by #Bloomberg .

The statement said that the main reason for the preference for short-term contracts is bets on trading within a range and selling volatility to earn a premium.

Additionally, Bloomberg added that since its launch in January 2024, the iShares Bitcoin Trust has recorded the longest streak of weekly outflows. Just five weeks before November 28, investors withdrew over $2.7 billion.

Moreover, according to journalists, the annual return of the first cryptocurrency has for the first time in over a decade lagged behind the S&P 500 index. The perpetual futures market remains bearish: according to Coinglass, funding rates have turned negative, indicating a dominance of short positions.

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