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Deribit Exchange Data Shows Bullish Bitcoin Bets Defy U.S. Yield Spike Volatility
Deribit Exchange Data Shows Bullish Bitcoin Bets Defy U.S. Yield Spike Volatility
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Deribit exchange News -
Bitcoin surged past $107,000 early in the week, marking its highest level since January 24, before retreating to $102,000 during Asian trading hours. The cryptocurrency maintains an upward trajectory, forming higher highs and lows within an ascending channel. Market dominance climbed above 64%, reinforcing its leadership position.
Options traders display bullish conviction, with Deribit data revealing concentrated call open interest at $110,000, $115,000, and $120,000 strike prices for May 30 expiry. The $8 billion notional value in play underscores institutional appetite for upside exposure. Rising U.S. Treasury yields inject volatility, testing the resilience of crypto’s risk-on momentum.
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