According to a recent report by cryptocurrency media outlet The Block, there's a growing sense of optimism in the Bitcoin options market as the inauguration of U.S. President-elect Donald Trump approaches. Deribit, the world's largest cryptocurrency options exchange, has seen a surge in trading volume for all options with strike prices of $110,000 and $120,000, suggesting the formation of new bullish momentum in the market. Options traders appear to be particularly drawn to call options with a strike price of $120,000. Currently, the open interest for the $120,000 call option with the highest trading volume on Deribit is approximately $1.52 billion, and the put-call ratio for all maturities has now fallen to 0.24. A put-call ratio below 1.0 indicates that traders favor call options over put options and is often used as an indicator of expectations for upside momentum in the underlying asset.

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