To The Moon

Bitcoin has kept refreshing all-time highs over the past few days, leading to increased investor interest but also concerns whether it would be too late to join the game.However, based on options market data, crypto derivatives traders look overwhelmingly bullish, placing bets in the market that bitcoin has more room to rally, noted Luuk Strijers, chief executive at crypto derivatives exchange Deribit.Meanwhile, for options expiring on Dec. 27, call options with a strike price at $100,000 are seeing the highest amount of open interest, which are indicative of investors' bets that bitcoin could reach as high as $100,000 by year-end.For options expiring on March 28 next year, the open interest for call options was roughly 40,632, over 170% higher than that of put options at 14,680, according to Deribit data. Among these options, call options with a strike price at $120,000, $110,000 and $100,000, respectively, were seeing the highest amount of open interest.This content was created by Ma