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BTCC / BTCC Square / Global Cryptocurrency /
Deribit Exchange Sees Surging Demand for Solana (SOL) $200 Calls as Price Nears Breakout

Deribit Exchange Sees Surging Demand for Solana (SOL) $200 Calls as Price Nears Breakout

Author:
Global Cryptocurrency
Published:
2025-05-12 11:53:14
7
2
Deribit exchange News -

Solana’s native token SOL has outperformed Bitcoin with an 85% rally since April 7, reaching nearly $176 amid broad market optimism. Institutional traders are doubling down on the momentum, with Deribit data showing strong demand for June $200 call options—a bullish bet that SOL will surpass that level by late June.

The largest block trade last week involved 50,000 contracts purchased for $263,000 in premium, indicating strong conviction in further upside. Notably, these positions were initiated when SOL’s implied volatility was at a relatively modest 84%, suggesting traders anticipate explosive moves without excessive hedging costs.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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