Gold Options Divide: Bybit traders vs. TradFi venues - who's misreading the market?

Bybit recently launched XAUT options – options contracts that settle to the price of Tether’s XAUT token, which itself tracks the spot price of traditional gold.

After a blistering rally that nearly reached $5,600 in late January this year, spot gold (XAUUSD+) has been confined to sub-$5k levels over the past month; currently failing to act as the geopolitical safe-haven we would expect from the precious metal.

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