Cryptocurrency options traders are betting on Bitcoin’s price rising to $140,000 by the end of 2025.
On the evening of October 6, Moscow time, the price of BTC once again reached a new all-time high, reaching $126,309. Since September 28, when the current bullish trend began, the digital asset has risen by 15,55%, but on Tuesday, its price began a downward correction, falling to $124,706. However, options market participants predict a resumption of the upward trend.
On the derivatives exchange Deribit, traders are opening short-term options to buy Bitcoin at $140,000, expiring at the end of the year. Call options account for 60% of the contract volume, indicating bullish sentiment. Futures traders are similarly inclined.
We are now seeing record open interest in the futures market for Bitcoin, despite the liquidation of short positions. The bullish rally caught people off guard, but the BTC price hasn’t peaked yet, said Greg Magadini, director of derivatives at Amberdata.
The upward trend in the Bitcoin market was facilitated by the influx of capital into American BTC-ETF, which reached $3,2 billion last week, the second-highest level. If this positive trend continues, analyst Rachel Lucas predicts the cryptocurrency’s price will rise to the nearest resistance level at $135,000. If it breaks through, the path to $150,000 will be clear.
Capital inflows and outflows from the US bitcoin ETF at the end of the week