Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Options traders bet that Bitcoin will break through $75,000 this month

Options traders bet that Bitcoin will break through $75,000 this month

Bitget2024/06/07 02:43

Due to the optimistic sentiment about U.S. interest rate cuts and increased inflows of funds into exchange-traded funds, options traders are increasing their bets that Bitcoin will hit a record high by the end of this month. According to data compiled by cryptocurrency options exchange Deribit, there are most open contracts for Bitcoin call options with an exercise price of $75,000 on all expiration dates. This is followed by call options with exercise prices of $100,000 and $80,000. Deribit CEO Luuk Strijers said traders are optimistic and expect prices to set new records. The bullish sentiment in the BTC option market is driven by strong BTC ETF flows, expectations for US interest rate cuts, European Central Bank rate cuts and approval of ETH ETFs.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!