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Deribit data shows that call options bets are concentrated on Bitcoin reaching $100,000
2024-11-13 11:47
Odaily News Bitcoin's rally paused on Wednesday as traders assess the remaining impact of President-elect Trump's verbal support for the cryptocurrency on the market. The digital asset rose about 30% after Trump won the election on November 5, hitting a record high of $89,968 on Tuesday, and even surpassed $90,000 on some exchanges, according to data compiled by Bloomberg. On Wednesday, the coin fell back to around $86,000. According to Deribit data, bullish option bets are concentrated on Bitcoin reaching $100,000. At the beginning of this week, inflows into U.S. bitcoin exchange-traded funds exceeded $1 billion. (Bloomberg)