Deribit-listed BTC options market shows growing institutional confidence in Bitcoin
Bitcoin Shows Increase in Institutional Confidence, as Data from BTC Options Market Traded on Deribit Confirms
According to information from Deribit, analysis of the last week alone points to clearer signs of institutional stance on BTC.
Omkar Godbole | Edited by Parikshit Mishra , May 9, 2025, 9:19 AM.
Key points:
- Bitcoin's rise is due to increased institutional participation through Deribit's BTC options market.
- Active buying of call options at high strike prices indicates expectations of further price increases.
- Ether has risen significantly in price, sparking interest in bullish options on Deribit.
Bitcoin (BTC) gains momentum as institutions expand their exposure to the leading cryptocurrency through BTC options market Deribit.
“The analysis over the last week shows more compelling signs of institutional stance on BTC,” Deribit said on Friday, highlighting the uptrend in BTC options.
The exchange is seeing strong demand for $110,000 call options expiring in June and July, as well as calendar spreads that include long positions on the $140,000 call expiring at the end of September and short positions on the $170,000 call expiring at the end of the year.
Demand for the $110,000 call option indicates expectations for further price gains in the coming weeks, with the possibility of further advances to at least $140,000.
A call option gives the buyer the right, but not the obligation, to purchase the underlying asset at a predetermined price on or before a specified date. The buyer of a call option has a positive view of the market.
The exchange added that the upstream flows also include the rollover of long positions from the May maturity to the July maturity with strike prices ranging from $110,000 to $115,000.
CoinDesk data shows BTC topped $104,000 on Thursday, a nearly 40% recovery from early April lows below $75,000, amid optimism over a U.S.-U.K. trade deal and continued inflows into spot ETFs. Technical charts point to further gains.
Ether, the native token of the Ethereum blockchain, has surged more than 30% to $2,411 in two days, signaling a bullish breakout on technical charts. The development has sparked interest in ETH bullish options on Deribit, with traders actively buying the June $2,400 calls and longer-dated calls, betting on a rally to $2,600-$2,800.
