Bitcoin Traders Snap Up Options at $65K and Above on Deribit

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Bitcoin Traders Snap Up Options at $65K and Above on Deribit

As Bitcoin (BTC) continues its upward movement reaching heights of over $50,000, a recent pattern has formed on the derivatives market Deribit, with traders actively acquiring options contracts at prices surpassing $65,000.

Insights from Deribit’s Bitcoin Options Activity

Over the weekend, Deribit witnessed a surge in trading activity, particularly in out-of-the-money (OTM) call options for Bitcoin. These options, with strikes at $65,000, $70,000, and $75,000, saw substantial interest, indicating a strong conviction among investors regarding Bitcoin’s potential for further gains.

This surge in options activity at such high price levels indicates growing confidence among traders in Bitcoin’s potential for further upward movement. Options contracts allow traders to bet on the future price of an asset without having to purchase the asset itself, providing them with flexibility and risk management strategies.

“These flows demonstrate conviction from buyers willing to pay a premium to take on these positions, suggesting investors have a const...


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Bitcoin Traders Snap Up Options at $65K and Above on Deribit