Bitcoin options market shows new optimism ahead of Trump inauguration

Bitcoin markets are showing renewed bullish momentum, with heightened activity in options targeting $110,000 and $120,000 strike prices on the Deribit derivatives exchange. Bitcoin has rebounded to around $99,000 after a pullback in late December that sent prices down to around $91,000. Derivatives traders are particularly focused on call options with a strike price of $120,000 — currently the most popular on Deribit — with notional open interest at $1.52 billion. Deribit’s put-to-call ratio for all expiries, which compares the number of puts to calls, has now fallen to 0.24, highlighting bullish market sentiment as traders position themselves for a potential price rally. A ratio below 1.0 indicates that calls outperform puts, signaling expectations of upward momentum. (TheBlock)