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Deribit Exchange Sees Surging Demand for SOL $200 Calls as Solana Outperforms Bitcoin
Deribit Exchange Sees Surging Demand for SOL $200 Calls as Solana Outperforms Bitcoin
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Deribit exchange News -
Solana’s SOL token has surged 85% since April 7, significantly outpacing Bitcoin’s gains during the same period. The cryptocurrency is currently trading near $176 as risk appetite returns to both crypto and traditional markets.
Block traders—typically institutions executing large OTC orders—are positioning for further upside. Heavy buying of Deribit-listed June $200 call options indicates strong expectations for SOL to break through that level by late June.
The rally underscores Solana’s resurgence as Ethereum’s primary competitor, with its high-throughput blockchain attracting renewed developer activity and institutional interest. SOL’s 85% gain versus Bitcoin’s 40% highlights the altcoin’s leverage in bullish market conditions.
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