Bitcoin (BTC) prices exceeded $110,000 for the first time in history, showing a new historic maximum. This milestone has fueled unprecedented activity in the world’s largest cryptocurrency derivative, the Delibit Options market.
In the last 24 hours, the most negotiated contracts for Delibit are purchase options with strike prices of USD 120,000 and $130,000, and are concentrated on USD 110,000, USD 120,000 and $ 300,000 for its June 27th expiration date. They anticipate sustainable Bitcoin rallies in the short and medium term.
Similarly, complete interest in Bitcoin and future permanent options It hits a record of over $450 million (Although I later fixed it to US$360 million). This highlights the growing interest in Bitcoin derivatives, as seen in the Coinglass graph below.
This increase in activity is consistent with Bitcoin’s recent performance, which has surpassed historical price barriers and attracted attention from institutional and retail investors.
Bitcoin’s history maximum is over $110,000, and corresponds to a combination of factors. Institutional investment is rising, with large capital and companies embedding Bitcoin as a value reserve in their portfolios. Furthermore, retail interest is growing. This adds a favorable macroeconomic context, such as a ceasefire in the US trade war. And China is also contributing to this rise. As reported by Cryptootics, this price rise for Bitcoin Reflecting the organic dynamic marketmore than movement driven by the fear of being excluded (FOMO).
I’m trying to take advantage of Bitcoin’s impulse
In that sense, the Delibit traders are placing themselves in order to take advantage of this impulse. Buying options with goals of 120,000 and $130,000 for nearby maturities They show confidence that Bitcoin will continue his rising career.
In fact, the PUT/call ratio is currently 0.38. This reflects a strong sense of bullishness BTC prices have increased sustainably so far this week. This is because for each 100 purchase option agreements, there are only 38 sales options, either negotiated volume or open interest.
This relationship is a key indicator in the derivatives market. This is to measure the percentage between the volume or open interest of sales and purchase options.
Additionally, open interest concentrations at high price levels, such as $300,000 in June, indicate that they are some investors. They explore an ambitious scenario for Bitcoin pricesalthough these represent minorities within the total amount.
Delibit’s activities highlight not only the optimism about Bitcoin, but also the maturity of the cryptocurrency market. Derivatives allow investors to manage risk and provide more accurate inferences about price movements.
Don’t forget that the options market acts as a Important indicators of investors’ expectations for future Bitcoin prices. An option is an agreement that grants the holder the right to buy and sell assets at a fixed price on a future date. A purchase option, or “call” reflects a bet on price increases, while a sales option, or “put” acts as protection against falls.
Delibit controls cryptocurrency options, which account for around 80% of the segment’s global activity. The platform also offers operations in the permanent and cash market.
(tagstotranslate)bitcoin(btc)
