📊 $BTC
Options Market Insight (Institutional Momentum Growing)
According to Odaily, open interest (OI) in Bitcoin spot ETF options — specifically IBIT issued by BlackRock — surged to $27.61 billion on Friday.
This marks a key milestone, as it surpassed the $26.9 billion OI in Bitcoin options on Deribit for the first time.
🔍 Market Expectations
Data from Volmex shows:
Most call options in IBIT are targeting a Bitcoin price of around $109,700
That implies a potential ~41% upside from the current ~$77,400 level
Meanwhile, traders on Deribit are slightly more conservative, targeting around $106,000
⏳ Key Difference in Strategy
IBIT options → Longer maturity (≈ 2 months more)
Deribit options → Shorter-term positioning
This signals that U.S. institutional investors are focused on longer-term exposure, not short-term speculation.
📈 Big Picture
Institutional capital is rapidly entering Bitcoin markets
Sentiment is turning strongly bullish
The shift toward regulated products like IBIT shows growing trust and market maturity
🚀 Conclusion
Bitcoin is no longer just a retail-driven asset.
With giants like BlackRock leading the way, the market is clearly moving toward institutional dominance and long-term bullish positioning.
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