Trader bets over 1 billion USD on the possibility of Bitcoin reaching 140,000 USD in September
Traders on the Deribit derivatives exchange have bet over 1 billion USD on call options, expecting the price of Bitcoin (
$BTC ) to exceed the 140,000 USD mark by the end of September.
Confidence in the bullish trend
This optimism is driven by a series of positive factors. Bitcoin broke the 124,000 USD mark last week, setting a new historical peak. This upward momentum is supported by a continuous influx of capital into funds
#ETFBitcoinspot and over 200 treasury companies adding cryptocurrency to their balance sheets.
Kyle Chasse, founder of the venture capital firm MV Global, predicts that Bitcoin could surpass 250,000 USD by the end of this year, showing strong confidence in the growth potential of this currency.
Momentum from macroeconomic factors
Traders are also anticipating favorable macroeconomic factors in September. The meeting of the Federal Open Market Committee (
#FOMC ) in mid-September is expected to include a significant interest rate cut from the US Federal Reserve (Fed). Treasury Secretary Scott Bessent has suggested that the Fed should begin its easing cycle with a 50 basis point cut. Lower interest rates typically boost risk assets by reducing borrowing costs and encouraging investors to shift capital from bonds to higher-yielding assets.