The options market data shows a strong sense of optimism currently, with many traders betting on Bitcoin rising to $140,000 and Ethereum rising to $4,000.
Data from the options trading platform Deribit shows that traders have built up $23.6 billion in notional open interest on $140,000 call options, making it the most popular bet on the platform. Call options at $120,000 and $130,000 also received strong positioning. In contrast, the open interest for $100,000 put options is only half of the largest call option, highlighting overall strong bullish sentiment in the market.
