The Bitcoin (BTC) rally is gaining impulse, with the institutions intensifying its exposure to the leading cryptocurrency through the BTC options of detribit.
“The transmission of the last week shows a much greater signal of institutional positioning in BTC,” said Delibit on Friday X on Friday, pointing out the bull flows in the BTC options.
The exchange has seen a solid purchase of call options in the $ 110,000 strike that expires in June and July and calendar differentials that involve a long position in the strike call of $ 140,000 that expires at the end of September and a short position in the strike call of $ 170,000 that expires at the end of the year.
The demand for the strike call of $ 110,000 indicates expectations for a continuous price increase in the coming weeks, with potential for a prolonged increase to at least $ 140,000.
A purchase option gives the buyer the right, but not the obligation to buy the underlying asset at a predetermined price on a specific date or before. A call buyer is implicitly optimistic in the market.
The exchange added that the upward flows also included a run of long positions in May overcome the maturities of Julio on strikes ranging from $ 110,000 to $ 115,000.
Coindesk data show that BTC exceeded $ 104,000 on Thursday, marking a recovery of almost 40% of the minimums of early April below $ 75,000, in the midst of the optimism of the United American-Real Commercial Agreement and the entries consistent in the ETF Spot. The technical graphics point to more profits ahead.
Ether, the native tab of the Ethereum block chain, has increased more than 30% to $ 2,411 in two days, marking a bullish break in the technical lists. Development has caused interest in ETH Alcista games in Delibit, with merchants who obtained the expiration calls from June to $ 2,400 and the longest-long-term call differentials that bet on profits of up to $ 2,600- $ 2,800.
