Interest in Bitcoin options continues to grow, with investments exceeding $868 million anticipating prices above $140,000 by the end of September, according to data from cryptocurrency derivatives exchange Deribit.
Options and Their Importance
The transactions pertain to 'call options,' which indicate expectations of the price rising above $140,000 on a specified expiration date (September 26). Call options are products that allow investors to take bullish positions.
Expert Opinions
10x Research CEO Markus Thielen predicted Bitcoin could reach $116,000 in July, while Bitwise analysts provided a bolder forecast targeting $136,000.
Market Expectations
Deribit data also reveals a similar increase in bullish positions in short-term contracts, with investors expecting Bitcoin to surpass $120,000 by the end of July. OKX US CEO Roshan Roberts stated, 'July will be challenging for the markets, but Bitcoin appears ready for it.'
Expectations among investors for Bitcoin remain high, reflecting confidence in its potential despite challenging market conditions.
