Analyst: After the holidays, the rebound in institutional investment interest could pave the way for a strong rebound

BlockBeats news, on January 6, derivatives traders are currently paying special attention to Bitcoin call options with a strike price of $120,000 — this is the most popular option on Deribit, with a nominal open interest of $1.52 billion. The put/call ratio for all expiration dates on Deribit has fallen to 0.24. This ratio compares the trading volume of put options to call options, highlighting the bullish sentiment in the market as traders position themselves for a potential price increase. A ratio below 1.0 indicates a preference for call options, suggesting that the market expects upward momentum.
According to the crypto derivatives report released by Amberdata, Trump will officially be inaugurated as president on January 20, and this event could act as a catalyst. The report states: "The best time to make bullish statements or policies is during Trump's inauguration and the days following, which could further drive up the price of Bitcoin."
Institutional investors have also contributed to the recent optimism. The U.S. Bitcoin Exchange-Traded Fund (ETF) reported a massive inflow of funds last week.
BRN chief analyst Valentin Fournier stated, "After the holidays, institutional investment interest has rebounded. This could pave the way for a strong rebound, especially as market participants look forward to Trump's inauguration on January 20." (The Block)