Bitcoin nears $112,000, bullish options trading active

Deribit Insights points out that as Bit approaches $112,000, reaching a historic high, market demand for call options has significantly increased. Short-term funds continue to buy call options with strike prices above $110,000 for May and June, while a large institution sold June $110,000 options, rolled over to July $118,000 and $120,000 options, and bought September $130,000 options, trading 1,000 contracts with a total cost of approximately $8.5 million. During the same period, the market also saw bullish spread structures for September $110,000-$130,000 and July $130,000-$140,000, accompanied by selling operations on May $115,000, June $120,000, and September $150,000 call options.