Degen

As Bitcoin’s price has recovered above $84,000, call options with a target price of $100,000 have become the most popular option in the market.

Data from the Deribit exchange shows that the open interest in these contracts has reached about $1.2 billion. Analysts say that the Trump administration’s withdrawal from some trade tariffs and the easing of concerns in the bond market have led to a resurgence in demand for bullish positions.

The Skew index, which measures market sentiment through the difference in demand between call and put options, has also returned to balance, indicating a decrease in traders’ fear. Currently, the largest concentration of open interest is in the $95,000 to $120,000 range.