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Bitcoin Options on Deribit Now Go to $200K After Recent Surge
Deribit is now offering traders the ability to bet on bitcoin's rally reaching $200,000 by late December.
Updated Sep 14, 2021, 10:51 a.m. Published Jan 3, 2021, 12:32 a.m.
The folks at Deribit apparently think the recent explosion in the price of bitcoin from $20,000 to around $32,000 in just over a month, including a 10% rise in the last 24 hours, merits offering traders the ability to bet on a rally to $200,000 by late December.
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Just in case, we added the 200k strike on the Dec21 Expiry! 😉💥#Bitcoin #OptionTrading pic.twitter.com/5LevdY6bHY
— Deribit (@DeribitExchange) January 2, 2021
- That supersedes the $160,000 option as the most traders can bet where the leading cryptocurrency will rise.
- Even with today's wild ride for bitcoin there have been no takers at any strike north of $80,000.
See also: Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy: Analyst
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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
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- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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