Bitcoin's (BTC) 43% rally between March 10 and March 20 surprised options traders and this is proven by the minimal14% of the $1.12 billion open interest set to expire on April 7 being placed at $28,000 and higher.
The positive price movement can be partially attributed to an increase in commodity demand, as investors perceive risks in the central bank's emergency funding programs, as injecting liquidity causes inflationary upward pressure.