CDS Crypto News Bitcoin Futures Surpass $100,000 on Deribit, Signaling Bullish Market Sentiment

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Bitcoin Futures Surpass $100,000 on Deribit, Signaling Bullish Market Sentiment

Ecem EFE21/11/20241 Mins read263

Bitcoin Futures Surpass $100,000 On Deribit, Signaling Bullish Market Sentiment

Bitcoin Futures at Premium as March BTC Contracts Trade Over $100K

Bitcoin futures on Deribit have surged above the $100,000 mark, trading at a premium to its spot price of $97,200. The BTC futures contract expiring on March 28 is priced at $101,992, showing a nearly 5% premium. This indicates strong market confidence that Bitcoin will exceed $100,000 by March and continue climbing. Futures contracts for June and September are also trading higher at $104,948 and $107,690, respectively.

Table of Contents

Bullish Outlook on Bitcoin Futures

The futures curve suggests growing optimism, with Deribit’s options market showing a $2.13 billion open interest in $100,000 call options. This points to increasing expectations that Bitcoin will reach and surpass this key price level.

Divergence Between Exchanges

Despite Deribit’s high premiums, Bitcoin futures on the Chicago Mercantile Exchange (CME) remain below $100,000, signaling caution among institutional investors compared to retail-driven exchanges.

In conclusion, while the futures market points to a bullish outlook for Bitcoin, institutional caution still contrasts with retail enthusiasm, suggesting a complex path ahead for the cryptocurrency.

FAQ

What is the current price of Bitcoin futures on Deribit?

As of now, Bitcoin futures expiring on March 28 are trading at $101,992, a 4.8% premium above the global average spot price of $97,200.

What is the significance of the $100,000 Bitcoin call option on Deribit?

The $100,000 Bitcoin call option on Deribit has a significant open interest of $2.13 billion, indicating strong bullish sentiment in the market.

Why are BTC futures trading above $100,000?

Futures contracts are trading above $100,000 due to expectations that Bitcoin’s spot price will exceed $100K by March 2024.

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Written by

Ecem EFE

Since 2022, Ecem has been creating digital content, combining her passion for technology with writing. Continuing her education in the Mathematics department, Ecem focuses on producing in-depth content on areas such as blockchain, artificial intelligence, and cryptocurrency. She aims to simplify these topics and present them to a wide audience, sharing valuable insights into the crypto industry through her writing. With her innovative content, she strives to raise awareness in the digital world.