A New Record After the New ATH in Bitcoin! Option Whales Have Started to Rise Again: Here Are the Record Levels They Expect!

The leading cryptocurrency Bitcoin (BTC) recorded a new ATH in the rise wave it started yesterday. Continuing its rise, the price of Bitcoin exceeded 111 thousand dollars in the early hours of Thursday, setting a new record.

As Bitcoin races from record to record, this rise has increased trading on the options exchange Deribit.

According to this, the rally in Bitcoin has led to record activity in the Deribit options market, bringing new peaks.

Speaking to Coindesk, Deribit CEO Luuk Strijers reported that the value of open interest in Deribit Bitcoin options has reached a record high of 42.5 billion dollars following the new record in Bitcoin.

Stating that BTC’s reaching record highs has also stimulated options whales, Strijers said that traders are betting on higher prices.

According to the CEO of Deribit, the most popular options were 110,000 dollars, 120,000 dollars, and 300,000 dollars.

"In the last 24 hours, the majority of the options traded were call options for 120,000 dollars and 130,000 dollars for the end of May and June.

The most popular options are those that will expire on June 27, which are 110 thousand dollars, 120 thousand dollars, and 300 thousand dollars.

The call options of $110,000, $120,000, and $300,000, which will expire on June 27, are currently the clearest positions indicating a strong rise in the market.