The new Monday for Bitcoin started with growth. Additionally, options market activity was notably high.
Bitcoin Rise and Options Activity
Bitcoin started the new week with an increase in value, and simultaneously, there was a surge in activity on the options market. On the Deribit platform, renewed interest was observed in the $100,000 and $120,000 options.
Impact of Political Expectations
The analyst noted that the expectation of Donald Trump's inauguration on January 20 fueled the interest in Bitcoin options, potentially signaling a rise to new record levels after he takes office.
Investor Plans and Market Expectations
According to Greg Magadini, after the $100,000 option, the $120,000 option is the most popular on Deribit, with $1.52 billion in open interest. Magadini also emphasized that with expected announcements and policies, Bitcoin could see significant price appreciation.
The activation of the Bitcoin options market indicates high expectations among market participants. Upcoming political events may play a key role in price movements.
