Bitcoin futures on Deribit have exceeded $100,000, with significant premiums over spot prices. March 2025 contracts are trading at $101,992, reflecting strong market expectations. A notable $2 billion open interest in call options at the $100,000 strike further indicates confidence in the upward trajectory of Bitcoin’s price. Contrarily, contracts on the Chicago Mercantile Exchange remain below this level.

Bitcoin futures on the Deribit exchange have recently surged beyond the notable threshold of $100,000, with contracts for March, June, and September 2025 trading above this significant mark. At current valuation, the March 28 BTC futures are trading at $101,992, reflecting a premium of nearly 5% over the global spot price of $97,200. This upward trend is further supported by the robust $2 billion open interest in call options at the $100,000 strike, indicating strong market expectations that spot prices will exceed $100,000 in the upcoming months. However, it is worth noting that futures contracts set to expire shortly, such as the one on December 28, remain priced below this key level. Additionally, trading activity on the Chicago Mercantile Exchange suggests that institutional interests are not yet yielding prices above $100,000.

The recent surge in Bitcoin futures on Deribit highlights heightened bullish sentiment within the cryptocurrency market. Deribit is becoming increasingly significant in the trading of cryptocurrencies, particularly Bitcoin futures and options. The trading data indicates that market participants are optimistic about Bitcoin’s future valuation, particularly leading into significant timelines such as the March 2025 contract expiration. The substantial open interest in BTC call options at the $100,000 strike furthermore underscores a collective market anticipation that Bitcoin’s price will surpass this level in the near future. The varying prices of futures across different exchanges, however, suggest a divergence in trader sentiment, with some cautious optimism reflecting lower price points.

In conclusion, Bitcoin futures surpassing $100,000 on Deribit indicate a significant shift in market sentiment, where investors express strong optimism about future price movements. The premiums associated with these futures contracts and the substantial open interest in corresponding call options illustrate a robust expectation that Bitcoin will maintain a price above this threshold. However, the disparity in pricing observed on different exchanges highlights the complexities and variations in trader sentiment across the cryptocurrency market.

Original Source: www.coindesk.com

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