The Bitcoin options market on the Deribit platform shows a surge in institutional confidence in Bitcoin.

2025-05-09 09:30:10

PANews reported on May 9 that according to CoinDesk, the Bitcoin options market showed increased institutional confidence, and Deribit exchange data showed that institutions increased bullish bets through BTC options in the past week. Traders focused on buying $110,000 calls expiring in June/July and building a calendar spread mix of $140,000 calls expiring in September and $170,000 in December, suggesting that the market expects BTC to climb further to $140,000. According to CoinDesk data, BTC topped $104,000 on May 9, rebounding nearly 40% from its low in early April, mainly driven by the UK-US trade agreement and continued inflows into spot ETFs. Ethereum performed strongly during the same period, with ETH price rising 30% to $2411 within two days. Demand for June expiration $2400 call options on Deribit and long call spread contracts betting on $2600-$2800 price levels surged. Deribit pointed out that institutional position adjustments indicate that bullish sentiment towards mainstream crypto assets is strengthening.

BTC-1,83%

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