Bitcoin Hits Stratospheric Heights, Thanks to Institutional ‘Support’ – Deribit Has the Proof!

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What You Really Need to Know:

  • Bitcoin‘s sudden surge is no accident; it’s all thanks to institutions flocking to Deribit’s BTC options market.
  • Call options at sky-high strike prices suggest everyone’s betting on Bitcoin to keep mooning.
  • Ether’s price is also flying, and it’s sending everyone into bullish delirium on Deribit.

Ah, Bitcoin. It seems the cryptocurrency king is rising once again, propelled by the not-so-ordinary folk who prefer to hedge their bets in style: institutions. Yes, it seems Deribit’s BTC options market has become the latest playground for the financial elite, and they’re playing hard.

In fact, as of Friday, Deribit was practically dancing on Twitter, offering some rather cheeky commentary about the increasing institutional positioning on Bitcoin. According to the exchange, these bullish flows are more than just a trend—they’re a declaration. “Oh, you thought last week was big? Just wait,” Deribit cheekily hinted on X. So much for humble bragging.

The numbers? Well, brace yourself: a flurry of call options at the $110,000 strike price (expiring in June and July) are flying off the shelves, like the last hotcakes at a Sunday brunch. Add in some calendar spreads at $140,000 and $170,000 strikes, and it looks like Bitcoin’s destiny is tied to a series of wagers that suggest we’re only getting started. Don’t bother looking for signs of caution; these institutional investors clearly see only one direction—up.

And, what does all this mean? If you’re not already clutching your pearls, allow us to spell it out for you: The demand for those $110,000 calls is indicating some serious expectations for Bitcoin’s price to keep ascending. Could we hit $140,000? Well, if you listen closely, you might hear the sound of champagne corks popping across Wall Street as they say “It’s only a matter of time.”

For those of you wondering, a call option is basically the rich man’s version of a ‘maybe I’ll buy’—it gives you the right (but not the obligation) to purchase Bitcoin at a fixed price, on or before a set date. Naturally, a call buyer is someone who is… shall we say, ‘optimistically bullish.’ But who could blame them? Bitcoin’s recovery from a paltry $75,000 in early April to a dazzling $104,000 last Thursday is practically a miracle. Or is it just good, old-fashioned money talking?

On the other hand, Ether is also having its moment. Up 30% in just two days, hitting $2,411—someone must have forgotten to tell the market that these things don’t go up forever. But apparently, Ethereum‘s blockchain token is now too hot to handle. Traders are getting their hands on $2,400 calls for June expiry and even longer-duration call spreads, betting on prices hitting $2,600 to $2,800. I mean, why not dream big?

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2025-05-09 12:48