Odaily Planet Daily News Data shows that BTC broke through $79,000 during the Asian session on Sunday, with a cumulative weekly increase of 15%, the highest level since February. Most of the increase occurred after Donald Trump won the U.S. election held on Thursday. According to Velo data, the annualized rolling premium for three-month Bitcoin futures on Binance and Deribit has surpassed 14% for the first time since June. The futures basis on CME rose over 10% on Friday. The rise in premium reflects traders' preference for bullish bets, which may attract arbitrage traders. Additionally, according to Deribit data, open positions for BTC call options with a strike price of $80,000 have increased to over $1.6 billion, providing buyers with asymmetric upside potential beyond that level. Traders have been buying $80,000 call options since before the U.S. election, anticipating a breakout before the end of the year. Furthermore, according to Amberdata, the $80,000 strike price has the largest negative gamma value, so once the price reaches that level, volatility could spike sharply. (CoinDesk)

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