Market Anticipates Bitcoin Surge to $100K, Options Trading Signals

In an unprecedented move signaling market confidence, over 600 Bitcoin call options with a $100,000 strike price were executed earlier today, marking a notable transaction in the cryptocurrency options market. This substantial activity, reported by Greeks.live, represented a notional value of approximately $45 million, with premiums paid by traders amounting to $8.5 million. Such a significant investment underscores the prevailing optimistic outlook toward Bitcoin's potential to reach or surpass the $100,000 threshold.



This surge in trading activity comes amidst a broader bullish wave within the cryptocurrency sector, highlighted by Bitcoin's impressive 4% increase today alone, pushing its value beyond the $71,000 mark. This uptrend follows a week characterized by nearly $570 million in net inflows into spot Bitcoin Exchange-Traded


First found on: Cryptonews from Coinatory