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Cryptocurrency News Articles
Bitcoin tops $89k, with bets on $100k by December
Nov 12, 2024 at 10:07 am
Rumours of a nation-state quietly buying Bitcoin US mulling a a strategic Bitcoin reserve
Bitcoin's recent rally has sparked optimism among traders, with many placing bets on the cryptocurrency reaching $100,000 by December. According to crypto options exchange Deribit, the largest call options position is set for the December 27 expiry, with a strike price of $100,000. As of Monday morning in London, there were around 9635 Bitcoin—roughly $780 million—in open interest betting on Bitcoin hitting $100,000 by December 27, says Deribit.
For those unfamiliar, open interest refers to the total number of outstanding contracts that have not yet been settled. It represents the sum of contracts that investors have placed but not yet closed.
This massive open interest is by far the largest bet placed for that expiry date, with the chances of the trade paying off estimated at 18.6 per cent, according to Deribit.
Meanwhile, the total Open interest in Bitcoin futures globally, recently reached nearly $50 billion for the first time in history, with continued buyer dominance observed since the weekend.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
- May 01, 2026 at 11:27 pm
- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
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- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
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- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
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- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
