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Has Bitcoin Peaked Yet? Options and Futures Markets Are Saying No
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
Has Bitcoin Peaked Yet? Options and Futures Markets Are Saying NoDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.