Bitcoin Expected to Surpass $108,000... Increase in Call Option Purchases in the Options Market

Minseung Kang

Summary

It was reported that as expectations for Bitcoin to break its all-time high spread, traders betting on short-term bullish trends in the options market increased.
According to Greeks.live, the current market views the $106,000 to $108,000 range as a key resistance level, and if surpassed, there is a high possibility of further gains.
Recently, in the options market, the call option purchase strategy betting on price increases is gaining attention.

As expectations rise that Bitcoin (BTC) is about to break its all-time high, it has been observed that traders betting on short-term bullish trends are increasing in the options market.

On the 9th, the cryptocurrency options analysis platform Greeks.live stated on X (formerly Twitter), "Bitcoin is on the verge of surpassing its previous high of $108,000, and an atmosphere of anticipation for a rise is detected throughout the options market."

Greeks.live analyzed, "Many traders believe that Bitcoin is highly likely to break its all-time high," adding, "The current market perceives the $106,000 to $108,000 range as a key resistance level, and if this range is surpassed, there could be significant room for further gains."

They continued, "Amidst the recent decline in implied volatility, the call option purchase strategy betting on price increases is gaining attention in the options market."

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