The Bitcoin options market shows new optimism ahead of Trump's inauguration
Odaily Planet Daily reports that the Bitcoin market is showing a new bullish trend, with increased options activity on Deribit derivatives exchange targeting execution prices of $110,000 and $120,000. After a pullback at the end of last year caused Bitcoin's price to fall to around $91,000, it has rebounded to about $99,000. Derivatives traders are particularly focused on call options with an execution price of $120,000 - currently the most popular on Deribit - with open contracts nominally worth $1.52 billion.
The ratio of put options to call options for all expiration dates on Deribit has now dropped to 0.24. This ratio compares the number of put options and call options highlighting a bullish market sentiment as traders prepare for potential price increases. A ratio below 1.0 indicates that call options are superior to put options indicating expectations for upward momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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