Bitcoin's impressive rise to $113,600 marks a renewed bullish sentiment, with options traders targeting even higher prices in the coming months.
Bitcoin has reached a new all-time high of $113,600, marking its second consecutive day of record-breaking prices. This surge follows a previous milestone of $112,000, reflecting renewed optimism in the cryptocurrency market. Other cryptocurrencies such as Ethereum, Solana, and XRP also experienced gains, with increases of 6.6%, 3.4%, and 4.6%, respectively. Bitcoin options traders are now focusing on call options with strike prices of $115,000 and $120,000, indicating bullish sentiment. Increased open interest in longer-term options suggests traders are optimistic about Bitcoin's future performance, while concerns remain about potential profit-taking and market corrections.