The price of Bitcoin is once again gaining 'bullish momentum', as confirmed by the increase in activity in the options market with strike prices in the range of $110,000–$120,000. This is evidenced by data from Deribit and Amberdata.$OSMO $JST $BTC

Traders' primary focus is on call options with a strike price of $120,000. The total nominal open interest for these contracts reached $1.52 billion.

The put-to-call ratio for all expiration dates on Deribit has dropped to 0.24, indicating a clear dominance of bullish sentiment among market participants.

Amberdata's report states that the upcoming inauguration of Donald Trump on January 20 could serve as an important catalyst for market growth.

According to analysts, on Saturday, one trader on Deribit spent over $6 million on purchasing call options with a strike price of $100,000 and an expiration date of March 28. They believe this implies confidence in Bitcoin's imminent return to 'six-figure territory'.#BitcoinTurns16