Deribit Data Predicts Bitcoin to Rise by Year-End: These Prices Could Be! - Coin Bulletin

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Bitcoin's rally gained momentum as institutional investors increased their participation in Deribit’s BTC options market.

In the past week, the Deribit platform has attracted attention with large investments in BTC options. This increasing interest reflects expectations for a future price rise of Bitcoin.

According to Deribit’s data, large purchases of call options at the $110,000 price level in the BTC options market indicate that prices are expected to rise in the coming weeks. These purchases strengthen expectations that Bitcoin could climb to $140,000 levels. Additionally, the calendar spreads made between $140,000 call options and $170,000 call options suggest that Bitcoin may experience a bullish period that could last until the end of the year.

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Bitcoin recently rose to a level of $104,000, showing a recovery of 40% from the $75,000 levels at the beginning of April. This optimism was further strengthened by the effects of the US-UK trade agreements, and the continuous investments in spot ETFs also supported the rally. Technical analyses indicate that Bitcoin's price may rise even further.

The increase in Ether price has led to a rise in institutional interest

Ether (ETH) recently gained over 30% in value, reaching levels of $2,411, and this rise has increased interest in ETH call options on Deribit. Traders are focusing on call options at the $2,400 price level, while longer-term call spreads are expected to push the price up to the $2,600-$2,800 range.