Bitcoin Hits Another Record After New ATH! Options Whales Are On The Rise Again: Here Are The Record Levels They've Been Waiting For!

The leading cryptocurrency Bitcoin (BTC) broke new ATH in the rising wave it started yesterday. The Bitcoin price, which continues to rise, broke a record by exceeding $ 111,000 on Thursday morning. As Bitcoin raced from record to record, this rise increased trading on options exchange Deribit. Accordingly, the rally in Bitcoin led to record activity in the Deribit options market, bringing new highs. Speaking to Coindesk, Deribit CEO Luuk Strijers reported that after the new record in Bitcoin, the open interest value of Deribit Bitcoin options broke a record by rising to $42.5 billion. Stating that BTC reaching record levels also mobilized option whales, Strijers said that traders are betting on higher prices. According to Deribit CEO, the most popular options were $110,000, $120,000 and $300,000. “The majority of options traded in the past 24 hours have been $120,000 and $130,000 calls for the end of May and June. The most popular options are $110,000, $120,000 and $300,000, expiring on June 27. The $110K, $120K and $300K call options expiring on June 27 are currently the most open positions indicating a strong bullish trend in the market.” *This is not investment advice. Continue Reading: Bitcoin Hits Another Record After New ATH! Options Whales Are On The Rise Again: Here Are The Record Levels They've Been Waiting For!