The options market data shows a strong sense of optimism currently, with many traders betting on Bitcoin rising to $140,000 and Ethereum rising to $4,000.
BlockBeats News, July 18th, data from the options trading platform Deribit shows that traders have built up $23.6 billion in notional open interest on $140,000 call options, making it the most popular bet on the platform. Call options at $120,000 and $130,000 also received strong positioning. In contrast, the open interest for $100,000 put options is only half of the largest call option, highlighting overall strong bullish sentiment in the market.
The Ethereum options market is also signaling bullishness. According to Amberdata, $4,000 call options lead with $6.508 billion in open interest, and $6,000 call options have attracted nearly $2.8 billion in funds.
Decentralized platform data similarly confirms Ethereum's optimistic trend. Derive indicates that 25% of the past 24 hours' ETH trading volume is concentrated in call options expiring on July 25th with a strike price of $3,000-$4,000, with the $4,000 call option for that expiry date holding 8% of the open interest. "This strongly indicates that traders anticipate a rapid and sustained breakout in price. As bullish confidence grows, leveraged long demand is increasing," said Sean Dawson, Derive's Head of Research.
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