According to PANews on May 9, data from CoinDesk shows that institutional investor confidence is strengthening in the Bitcoin options market on Deribit exchange. Over the past week, institutions have increased bullish bets through Bitcoin options, mainly focusing on call options expiring in June/July with a strike price of 110 thousand USD, as well as calendar spread combinations expiring in September at 140 thousand USD and December at 170 thousand USD, indicating market expectations for Bitcoin prices to further climb to 140 thousand USD. On May 9, Bitcoin price surpassed 104 thousand USD, rebounding nearly 40% from the early April low, driven primarily by positive UK-US trade agreements and continuous inflows into spot ETFs.

At the same time, Ethereum showed strong performance, rising 30% within two days to 2,411 USD. Deribit observed a surge in demand for the 2,400 USD call options expiring in June, as well as long-term bullish spread contracts betting on the 2,600-2,800 USD range. Deribit pointed out that institutional position adjustments indicate an enhanced bullish sentiment toward mainstream crypto assets in the market.

PANews reported on May 9 that according to CoinDesk, the Bitcoin options market shows that institutional confidence has increased. Data from the Deribit exchange showed that institutions have increased their bullish bets through BTC options in the past week. Traders concentrated on buying call options with an expiration date of June/July and an exercise price of $110,000, and established a calendar spread combination of a $140,000 call option expiring in September and a $170,000 call option expiring in December, suggesting that the market expects the BTC price to further climb to $140,000. CoinDesk data shows that BTC broke through $104,000 on May 9, rebounding nearly 40% from its low point in early April, mainly driven by the positive impact of the UK-US trade agreement and continued inflows of funds from spot ETFs.
 Ethereum performed strongly during the same period, with the price of ETH rising 30% to $2,411 in two days. Deribit saw a surge in demand for $2,400 call options expiring in June and long-term bullish spread contracts betting on the $2,600-2,800 price range. Deribit pointed out that the adjustment of institutional positions showed that the market's bullish sentiment on mainstream crypto assets was strengthening.

Deribit data shows increased confidence of institutional investors in the Bitcoin options market