S&P 500 call options volume surges to record $2.6 trillion. Here's what it means for bitcoin

As Wall Street chases upside in stocks like never before, the implications for bitcoin appear bullish, though with an important caveat.\nWhat to know : Record volumes of bullish S&P 500 call options, totaling about $2.6 trillion in notional value, signal a surge in speculative risk-taking on Wall Street. The frenzied trading offers bullish cues to crypto, as the two are positively correlated. On a deeper level, frenzied trading in calls points to speculative mania that could suddenly end, breeding downside volatility across financial assets, including bitcoin.