According to PANews, despite macroeconomic uncertainties and adverse seasonal factors, derivatives traders maintain a slightly optimistic outlook for Bitcoin in September. Experts have noted a decrease in downward volatility. CoinGecko data reveals that Bitcoin has rebounded by 3% over the past two days, currently priced at approximately $110,000. This increase is attributed to passive buying rather than aggressive purchases.
Meanwhile, as traders adjust their positions based on employment data released this week, the open interest in perpetual contracts has surged by 2.35% over the past two days, reaching $30 billion. Historical bearish seasonal factors in September have prompted U.S. investors to reassess their positions ahead of the fiscal year-end on September 30.
Sean Dawson, Head of Research at the on-chain options platform Dervie, disclosed that options traders are betting on bullish contracts expiring on September 26. This is reflected in the increased open interest for strike prices at $120,000, $130,000, and $140,000.
