Bitcoin Sees Surge in Institutional Confidence, Deribit-Listed BTC Options Market Reveals

Description

Bitcoin's (BTC) rally is gaining momentum, with institutions stepping up their exposure to the leading cryptocurrency through Deribit's BTC options market. "Panning out over just the last week shows a much bigger sign of institutional positioning on BTC," Deribit said on X Friday, noting the bullish flows in the BTC options. The exchange has seen robust buying of call options at the $110,000 strike expiring in June and July and calendar spreads involving a long position in the $140,000 strike ca...