Bitcoin options show that traders are targeting a return to the $100,000 price level, amid optimism that investors will turn to digital assets again after the crypto stock market crash in the fourth quarter.
Open interest, the number of outstanding contracts, in the Bitcoin options market has been clustered on contracts expiring on January 30, at a strike price of $100,000. The total notional value is more than double that of the second most demanded options contract — or an $80,000 strike price with the same expiration, according to data from Coinbase Global Inc.’s Deribit derivatives exchange.
