Data on Deribit, the world’s largest cryptocurrency options exchange, indicates that Bitcoin (BTC) may rise to 200 thousand dollars.
In option data on Derbit 200 thousand dollars There was an increase in investors trading at the level. Luuk Strijers, chief commercial officer at eribit, told CoinDesk. June, September And December for maturities $200 thousand option transactions He stated that it is gradually gaining volume.
However, a clear warning was made about the increase in volatility. Deribit DVOL index, which is a measure of expected price volatility over the next 30 days. Highest level since November 2022 which is annually to 76% rose. Based on this data, Deribit analysts stated that volatility in the market may increase.
Deribit stated that as volatility in the Bitcoin market increases, investors see the opportunity to earn additional income in the options market. For investors holding Bitcoin in the spot market He stated that he could take action to earn additional income by selling options.
The recent rise in DVOL has renewed interest in the put option writing strategy. Deribit’s Asia business development officer Lin ChenIt will expire in December, according to an investor earlier on Tuesday. Sold 250 options with a strike price of $75,000. Proceeds from the sale amounted to $4,258 million. One option contract on Deribit equals 1 BTC.