The price of #Bitcoin surpassed the mark of US$110,000 yesterday, reaching an intraday peak of US$110,587 per BTC. With this movement, the leading cryptocurrency now has a market capitalization of US$2.1 trillion, representing 63.8% of the crypto economy of US$3.4 trillion.

The CME leads with 151,010 BTC in open interest, valued at over US$16 billion, and claims a share of 21.68%, a sign of significant institutional activity.

The largest positions are the bullish ones for US$140 billion expiring on September 26 and the bullish ones for US$120 billion expiring on June 27. These strike prices suggest confident, albeit aggressive, speculation. On the other hand, the largest bearish position in play is for US$85 billion for June 27, indicating some cautious downside protection in the short term.