Deribit’s Bitcoin options market shows a surge in institutional confidence in Bitcoin

Mars Finance News: According to CoinDesk, the Bitcoin options market shows increased institutional confidence. Deribit exchange data reveals that institutions have increased bullish bets on BTC options over the past week. Traders are concentrated on buying call options expiring in June/July with a strike price of $110,000, and establishing calendar spread combinations with September expiring call options at $140,000 and December expiring call options at $170,000, suggesting market expectations that BTC prices may further rise to $140,000. CoinDesk data shows that BTC broke through $104,000 on May 9th, rebounding nearly 40% from its early April low point, mainly driven by favorable US-UK trade agreements and continuous ETF inflows. Ethereum performed strongly during the same period, with ETH price rising 30% in two days to $2,411. Demand for Deribit's June-expiring $2,400 call options and long-term bullish spread contracts at the $2,600-$2,800 price range surged. Deribit noted that institutional position adjustments indicate strengthening bullish sentiment towards mainstream crypto assets.