Bitcoin’s $80,000 bull bet just took over the market
CoinDesk·2h ago·Positivity
What Happened
Bitcoin options traders on Deribit have shifted positioning toward bullish bets, with $80,000 call contracts becoming the most popular trade, holding $1.6 billion in open interest. This marks a significant change from recent months when $60,000 put options dominated. Bitcoin has rebounded above $70,000, supported by a U.S.-Iran ceasefire reducing oil prices. Analysts cite potential Federal Reserve rate cuts as favorable for risk assets like bitcoin.
Key Entities
BitcoinDeribit$80,000 call options$1.6 billion open interestU.S.-Iran ceasefireFederal Reserve rate cuts