Deribit Exchange Sees Surging Institutional Confidence in Bitcoin as Options Market Turns Bullish

Bitcoin’s rally is gaining momentum, with institutional investors increasingly positioning themselves in the Deribit-listed BTC options market. Recent activity indicates a significant shift in institutional sentiment, marked by aggressive call option purchases at key strike prices.

Deribit reported strong demand for $110,000 strike calls expiring in June and July, along with calendar spreads involving $140,000 and $170,000 strikes. This options activity suggests expectations for Bitcoin to extend its gains, potentially reaching $140,000 by September.

The rise in institutional participation highlights growing confidence in Bitcoin’s upward trajectory. Market makers are adjusting their positions to accommodate this influx of bullish bets, creating a self-reinforcing cycle of demand.