Deribit CEO: The options market is betting that BTC has more room to rebound, and derivatives traders are overwhelmingly bullish

Although Bitcoin has been hitting record highs over the past few days, sparking investor interest, some are concerned about whether it is too late to join the game now. Luuk Strijers, CEO of cryptocurrency derivatives exchange Deribit, pointed out that according to options market data, cryptocurrency derivatives traders look overwhelmingly bullish, betting that Bitcoin has more room to rebound. According to Deribit data, for options expiring on March 28 next year, the open interest of call options is about 40,632, which is more than 170% higher than the 14,680 put options. Among these options, the open interest of call options with strike prices of $120,000, $110,000 and $100,000 is the highest. (marketwatch)