He Bitcoin price He goes up and does not seem to come only from retail investors. The major institutional players appear more and more on the cryptocurrency market, According to recent figures of the cryptocurrency platform of the drinking. For example, there is a remarkably larger activity around BTC options. This indicates growing confidence in a new increase in the price of cryptocurrency.
Companies are betting on a good increase in the price of the BTC
Depending on the platformBitcoin SO-SOVED’s purchase options had a remarkable request during last week. A purchase option gives investors the right to buy or sell bitcoin at a default price before a certain date.
The purchase interest is mainly concentrated around $ 110,000, and even about $ 140,000, with contracts that expire in June, July and September.
“If we widen the zoom until last week, a clear signal signal signal is observed in BTC,” said Delibit Insights published among others in ‘X’.
The high demand for purchase options around $ 110,000 and $ 140,000 suggests that institutional investors are optimistic about the price movement in the coming months. These parties expect the price of the BTC potentially to $ 140,000 or more in the coming months.
Investors speculate with the price
Delibit observes that many long positions from May have been extended to July, with prices between $ 110,000 and $ 115,000. This confirms the opinion that investors expand their positions and continue to bet on new increases.
Being “long” means that an investor hopes that the price of an asset increases. Instead, going “short” means betting on the fall of a specific asset. In this case, an investor benefits from the drop in prices for an action or cryptocurrency.
What particularly attracts attention is the use of calendar differentials thus called. It is a question of combining options with different deadlines. For example, an investor is long with a purchase option of $ 140,000 for September, while another is short with a purchase option of $ 170,000 for December.
Professional investors use these strategies to speculate with price fluctuations and, at the same time, diversify the risk.
Bitcoin recovers, Ethereum follows it
The growing interest of institutional investors occurs at a time when bitcoin is strongly recovered. Thursday, the price exceeded the barrier of $ 104,000, climbing almost 40% since its minimum of April.
The rebound in cryptocurrencies is partly attributed to the positive development of trade relations between the United States and the United Kingdom. The continuous entries of American FNBs in cash also play an important role.
Not only Bitcoin benefits from optimism. Ethereum also records a remarkable climb. In just two days, the Etheerum Prize It increased by more than 30% to exceed $ 2,400.
Ethereum’s recent rebound creates a new wave of positions Optimists in drunkenness, with investors who bet on a new increase at $ 2,800.
The founders of Deribit, based in Groninga, spend a fantastic weekend. The crypto of the American company Coinbase has acquired Its options for $ 2,900 million (2.6 billion euros).
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