| Mobile Web

Bitcoin spot buying surges, options market eyes $70,000

Bitcoin\'s rise is drawing attention as buying has been led more by spot demand than futures, raising interest in whether the rebound can last. In the options market, $70,000 has emerged as the next key level as investors build positions around that strike price. Analysts say the move appears different from a short-covering spike. They add that sustained spot demand will be crucial, while a rapid increase in derivatives positioning could heighten volatility.