#BTCBackto100K

Bitcoin options may pave the way for new highs in Bitcoin prices

- Here's how:

Professional Bitcoin traders can use bullish options strategies to pressure short sellers.

Key takeaways:

- 97% of Bitcoin put options worth $8.3 billion expire worthless at $102,000 of Bitcoin.

- Short covering above the $105,000 level could stimulate Bitcoin's price growth to new record levels.

Bitcoin's value rose to over $101,000 on May 8, reaching its highest level in three months.

The 4.6% daily increase in Bitcoin's price led to the liquidation of $205 million in bearish futures positions and nearly eroded the value of every put option.

Traders are now wondering if Bitcoin is ready to break its all-time high of $109,354 in the near future.$BTC