Large bullish bets emerge in crypto options market as investors anticipate Bitcoin will hit new all-time highs after Trump's inauguration
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Large bullish bets emerge in crypto options market as investors anticipate Bitcoin will hit new all-time highs after Trump's inauguration
According to CoinDesk, a large bullish bet has emerged in the cryptocurrency options market, with one trader investing over $6 million on Deribit to purchase Bitcoin call options with a strike price of $100,000, expiring on March 28. Data analytics firm Amberdata noted this reflects market expectations that Bitcoin will hit an all-time high following Trump's inauguration. Currently, the $120,000 strike price call options have become the most popular option contract on Deribit, with an outstanding notional value of $1.52 billion. Ambe
Navigating Web3 tides with focused insightsTechFlow news, January 6 — According to CoinDesk, a large bullish bet emerged in the cryptocurrency options market, with one trader investing over $6 million on Bitcoin call options at a strike price of $100,000 on Deribit, expiring on March 28.
Data analytics firm Amberdata noted this reflects market expectations that Bitcoin will reach an all-time high following Trump's inauguration. Currently, the $120,000 strike price call options have become the most popular contract on Deribit, with outstanding notional value reaching $1.52 billion.
Greg Magadini, Head of Derivatives at Amberdata, stated in a weekly report that the period surrounding and immediately after Trump’s inauguration could be a golden window for favorable policy announcements, potentially serving as a catalyst for Bitcoin price appreciation.
CF Benchmarks, a cryptocurrency index provider, shared a similar view in its annual report, suggesting that under crypto-friendly leadership, the SEC may reduce enforcement risks, streamline compliance requirements, and boost investor confidence. However, the firm also warned that delays in policy implementation could lead to short-term volatility.
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