#BTCtrade
Bitcoin’s rally is gaining strong momentum, driven by growing institutional interest in the Deribit options market. Over the past week, there has been a clear sign of institutions positioning themselves for further gains.
Investors are actively buying call options at one hundred ten thousand dollars, set to expire in June and July. There are also calendar spreads involving long positions at one hundred forty thousand dollars expiring in September, and short positions at one hundred seventy thousand dollars expiring at year-end. These moves suggest expectations for Bitcoin to rise significantly in the coming months.
In addition, existing long positions set to expire in May are being rolled over to July at strikes ranging between one hundred ten thousand and one hundred fifteen thousand dollars.
Bitcoin recently topped one hundred four thousand dollars, marking a recovery of nearly forty percent from early April lows under seventy five thousand dollars. This momentum is fueled by optimism from a recent US and UK trade deal and steady inflows into spot ETFs.
Ether, the native asset of Ethereum, also showed strong performance, rising over thirty percent in just two days to reach two thousand four hundred eleven dollars. This bullish breakout has sparked interest in Ethereum options, with traders betting on further gains up to two thousand six hundred to two thousand eight hundred dollars through June and beyond.
Both Bitcoin and Ether are signaling renewed confidence and investor appetite for further upside.