Odaily Planet Daily News Bitcoin market shows new bullish momentum, with increased options activity at Deribit exchange for strike prices of $110,000 and $120,000. After a pullback at the end of December last year that saw Bitcoin's price drop to around $91,000, Bitcoin has rebounded to about $99,000. Derivatives traders are particularly focused on the $120,000 call options, which are currently the most popular on Deribit, with a notional open interest of $1.52 billion. The put-to-call ratio for all expiration dates on Deribit has now dropped to 0.24, which compares the number of put options to call options, highlighting the bullish market sentiment as traders prepare for potential price increases. A ratio below 1.0 indicates that call options are preferred over put options, reflecting expectations for upward momentum. (TheBlock)

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