November 21, 2024
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Bitcoin Futures Smash Through $100K Barrier on Deribit

BTC futures expiring in March, June and September 2025 trade at prices greater than $100,000, according to data source Deribit.”, — write: www.coindesk.com

  • Deribit’s BTC futures expiring in March, June and September 2025 trade above $100,000.
  • BTC call option at the $100,000 strike now boasts an open interest of over $2 billion.
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  • Bitcoin (BTC) futures have surged past the $100,000 price mark on Deribit, trading at a premium to its spot market price.

    At press time, BTC futures contract expiring on March 28 traded 4.8% higher at $101,992, representing a. premium of nearly 5% to the global average spot price of $97,200, according to data source Deribit and TradingView. Contracts expiring on June 27 and Sept. 26 changed hands at $104,948 and $107,690 in an upward-sloping futures curve.

    The pricing represents expectations that the spot price will be comfortably above $100,000 by the end of March and beyond. Deribit’s BTC options suggested the same, with the $100,000 call option boasting a notional open interest of $2.13 billion.

    However, the futures contract expiring in a few weeks from now on Dec. 28 traded in five figures. Those trading on the Chicago Mercantile Exchange, considered a proxy for institutional activity, also traded below $100,000, according to TradingView.

    Edited by Parikshit Mishra.

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