Options traders bet on Bitcoin in the range of $110,000-120,000
The price of Bitcoin is gaining “bullish momentum” again, as evidenced by the increase in activity in the options market with strike prices in the range of $110,000-120,000. This is evidenced by data from Deribit and Amberdata.
The main attention of traders is focused on call options with a strike price of $120,000. The aggregate nominal open interest in these contracts reached $1.52 billion.
The structure of open interest depending on the strike price for options of all expiration dates. Data: Deribit.
The put-to-call ratio for all expiration dates on Deribit fell to 0.24, indicating a clear dominance of bullish sentiment among market participants.
The Amberdata report says that the upcoming inauguration of Donald Trump on January 20 could be a significant catalyst for market growth. According to analysts, on Saturday, one trader on Deribit spent more than $6 million buying call options with a strike price of $100,000 and an expiration date of March 28. In their opinion, this implies confidence in a quick return of Bitcoin to “six-figure territory”.
In the review for January 1, at a price of 93.000$ , I drew your attention to the accumulation according to Wyckoff, the price according to our markup successfully reached 101.000$ (here is the seller's zone) 😊🍋
ETH is attempting to exit above the daily resistance of 3600-3700$ (if the attempt is successful, the price will go to the level of 4090$ and make a 4th attempt to break through it), our transaction with an entry point of 3.260$ from these posts (1, 2) and this review is already bringing +14% (net movement), we keep our fingers crossed for buyers!
"As you start the year, so you will spend it" - suits us, thank you for your trust, I hope you took advantage of the information 🚀🤑🍋