Bitcoin Options Contract Set to Expire on December 27 With $100K Strike Price Gains Attention
CryptoNewsTerminal Staff07 Aug, 2024
Bitcoin Options Contract Set to Expire on December 27 With $100K Strike Price Gains Attention
Traders are eyeing a Bitcoin (BTC) options contract set to expire on December 27 with a strike price of $100,000, according to data from Bitcoin options data tracking platform basedmoney. Despite Bitcoin falling below $50,000 on Monday for the first time since February, the 180-day call-put skew for BTC remains in positive territory, indicating that there is still more demand for call options (bets that the price will go up) than put options (bets that the price will go down). This suggests that some traders are still bullish on Bitcoin's long-term prospects, even as the price has been volatile in recent months. It's important to note that options contracts are not always a reliable predictor of future price movements. However, the fact that there is interest in a $100,000 strike price option contract suggests that some traders believe that Bitcoin could reach that level by the end of the year.
