BlockBeats news, on January 6, according to Amberdata data, a trader spent over 6 million dollars on Deribit last Saturday to purchase a 100,000 dollar Bitcoin call option that will expire on March 28.
In addition, traders were also net buyers at the strike price of 120,000 dollars, indicating that traders expect the price to rise above that level. Currently, the 120,000 dollar call option is the most popular option on Deribit, with an open interest of 1.52 billion dollars as of the time of publication.
Greg Magadini, head of derivatives at Amberdata, stated that the inauguration and thereafter will be a golden period for favorable announcements and policies, which could serve as positive catalysts for Bitcoin's rise.
The cryptocurrency index provider CF Benchmarks also indicated that a restructured SEC under the leadership of cryptocurrency could reduce enforcement risks and promote innovation. These changes, along with simplified compliance requirements, could enhance investor confidence, and the company believes that an industry framework will emerge. However, implementation delays or policy shifts could dampen market optimism and lead to short-term volatility.
