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The Bitcoin options market shows new optimism ahead of Trump's inauguration

The Bitcoin options market shows new optimism ahead of Trump's inauguration

Bitget2025/01/06 12:42

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.

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