Bitcoin Options Market Activity Increases This Week

According to Kaiko Research, options trading volume in the market exceeded $8.2 billion$ when Bitcoin reached $90,000$ and above. Of this amount, $5 billion$ was in Call contracts, which imply a price increase.

Tuesday saw a significant increase in demand for options with strikes from $90,000 to $120,000$ with an expiration date of December 27.

Experts believe that hedge funds and retail traders actively participating in the options market are set for a long-term rally in the cryptocurrency.

Interest in Bitcoin and Ethereum options on the Deribit exchange reached a record $40.8 billion.