Bitcoin hits $114,000 for the first time ever, and option traders are betting on $120K this month

Bitcoin just smashed past $114,000, and traders on Deribit are already piling into contracts that bet it’ll hit $120,000 before the month ends. The bets didn’t come out of nowhere. Open interest has surged around strike prices of $115K and $120K, with longer-term options aiming even higher to $140K in September, $150K by December. This […] source: https://www.cryptopolitan.com/bitcoin-hits-114000-for-the-first-time-ever/