Despite Bitcoin's recent price weakness, options traders are still bullish on the cryptocurrency market, according to CoinDesk. Data from Deribit shows that the open interest for call options is more than double that of put options, at $14.87 billion versus $6.43 billion. The most popular call option is the $120,000 strike price, which has an open interest of $1.47 billion. The $101,000 and $110,000 call options also have over $1 billion in open interest each. On the put side, the $75,000 strike price is the most popular, with an open interest of $595 million. This suggests that traders are still expecting Bitcoin's price to remain above $75,000 in the near term. One factor that may be contributing to the bullish sentiment among options traders is the upcoming inauguration of U.S. President-elect Donald Trump on January 20th. Trump has promised to deregulate the financial industry, which could benefit Bitcoin and other cryptocurrencies. Options traders are also likely keeping an eye on the upcoming hard fork of the Bitcoin blockchain, which is expected to take place in August. The hard fork could potentially lead to a new rally in Bitcoin's price. ```

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