Deribit data shows that call options bets are concentrated on Bitcoin reaching $100,000
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Odaily Odaily News Bitcoin's rally paused on Wednesday as traders assess the impact of President-elect Trump's verbal support for cryptocurrencies on the rest of the market. The digital asset rose about 30% after Trump won the election on November 5, hitting a record high of $89,968 on Tuesday, and the price of Bitcoin on some exchanges has even exceeded $90,000, according to data compiled by Bloomberg. On Wednesday, the token fell back to around $86,000. According to Deribit data, bullish option bets are concentrated on Bitcoin reaching $100,000. At the beginning of this week, more than $1 billion flowed into U.S. Bitcoin exchange-traded funds. (Bloomberg)
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