According to data shared by Deribit, investments in March term $100,000, $115,000 and $120,000 call options in the Bitcoin options market are drawing attention, while investors continue to have optimistic expectations for high price levels.
Deribit, a cryptocurrency derivatives exchange, announced on its Twitter account that the Bitcoin options market, which is generally preferred by institutional investors, had a strong start at the beginning of the year. In the market, which was activated by ETF inflows, a total of $12 million was invested in March-term call options of $100,000, $115,000 and $120,000. These transactions were carried out both by closing short positions and by new investments.
According to Deribit’s statements, it was stated that there was also a great demand for January-dated $98,000 and $100,000 options. In March-dated transactions, while $120,000 call options drew attention, the $120,000 level became the focus of investors. In addition, it was reported that a small-scale sale of approximately $11.3 million was made in September-dated $70,000 call options.
Ethereum Stalling
On the Ethereum side, the options market remained volatile. However, Ethereum’s volatility indicator (Dvol) is trading at a 10% premium compared to Bitcoin. Bitcoin’s implied volatility (IV) data is a measure of the probability of future price fluctuations and usually moves fairly steadily within a narrow range. However, recently, there has been a significant increase in transactions for call options expiring in March. This indicates that investors have begun to expect an upward movement in Bitcoin prices for March futures, and this expectation has caused a slight increase in implied volatility.
