Deribit Exchange Watches as Bitcoin Bulls Charge Past $122K Amid Cautionary Signals
Bitcoin has surged past $122,000 for the first time in history, solidifying its status as 2025's top-performing asset and outperforming traditional safe havens like gold. The rally has sparked bullish projections ranging from $140,000 to $200,000 among crypto enthusiasts, driven by institutional adoption and regulatory advancements.
Redstone co-founder Marcin Kazmierczak struck a cautious note, highlighting the market's 47-day correction-free streak as potentially risky. "Parabolic moves often invite sharp pullbacks," he warned, citing $276 million in Leveraged liquidations within 24 hours as evidence of Bitcoin's ongoing volatility. Deribit's options activity indicates traders remain hesitant to overcommit to upside positions.