After Trump’s comments on Strategic reserves in encrypted currenciesAnd the price of bitcoin, on Defibit The hypothesis of return to $ 100,000 is gaining strength.
According to Amberdata, the number of active positions on call options with a Hit at $ 100,000 It increased by 1,163 contracts (more than $ 100 million) on Deribit. This is the highest number among all the options listed on the stock exchange.
Deribit: Record of call options on Bitcoin with a $ 100,000 strike after Trump’s announcement of strategic encryption reserves
Defibit It is definitely one of the main markets in the world Options on bitcoin price.
This is a professional platform to exchange products derived from encryption, and in special options.
At this moment, Open attention to bitcoin options It ends at the end of the month on Deribit 11 billion dollars. Looking, instead, every expiration and all encryption, it rises to more than $ 24 billion, out of a total of less than 32 billion in all encryption exchanges.
Note that at this moment 66 % of the open interest on call options (i.e. purchase), while sales options are only 34 %.
The options are the derivatives that allow those who buy them to sell (mode) or buy (call) one of the assets at a certain moment at a predetermined price.
Options on bitcoin
After yesterday’s comments from Trump, Call option with a strike of $ 100,000 On Deribit, the largest leap has recorded open interest in the past 24 hours.
This means that many speculators have bought call options Bitcoin For this price.
Moreover, yesterday’s recovery is the opposite of the direction, as the call options that exceed the attention end.
Note that BTC’s bounce stopped yesterday 95,000 dollarsTherefore, the jump in the calls, whose strike is $ 100,000, clearly indicates the spread of optimism.
However, it should not be forgotten that yesterday’s recovery was partially resulting from the forced liquidation of short positions, and this has given up the inefficiency that might need to be addressed in the coming days.
Trump’s position
However, it seems that the markets have begun to persuade themselves that there is a kind of so -called “Trump status“.
In other words, it is considered that from now on, the president may interfere and manage in favor of encryption markets within moments of special difficulty.
To say the truth, the price of Bitcoin last week was suffering slightly, but even without returning to pre -election levels. The real problem, however, was altcoinAnd it seems that Trump is also interested in it.
And many merchants are betting as possible Bitcoin’s price return to $ 100,000Even if the above -mentioned incompetence in the meantime is a much lower return from $ 90,000.
However, this does not change the fact that $ 100,000 has become again the level that everyone will monitor in the coming days or weeks.
This should not be forgotten on Friday, March 7, the first The top of encryption It will be held in the White House by President Trump himself with members Presidential Working Group on CriptovaluteEspecially with Caesar encryption from the Trump administration, David Sachs.
This may mean that although there are small pressure on the one hand, on the other hand, there may also be bull pressure, even in the short term.
Strategic reserve problem
However, one should not expect to create the strategic reserve of the United States of America in the encrypted currencies on March 7.
The problem is that, after you wanted to add some altcoins, it will be difficult to obtain this decision through Congress.
As has already happened in recent weeks, the potential disappointment of hope due to a decision that has not been announced can again create resentment in the encryption markets.
Although on the one hand, it is still possible that this strategic reserve is already being created, the timing may not be particularly short.
However, if they will start a reserve in BTC only, the times can shorten.
Today, the markets do not seem to think that the creation of such a short -term reserve is possible, specifically due to the addition of altcoins. If, on the seventh of March, on the seventh of March, a path was announced in two phases, with the first stage focus on BTC, the market reaction may be more positive.
In the current situation, On polymarket They only give a 20 % possibility that Trump succeeds in creating the Bitcoin Strategic Reserve in his first 100 days, and it is reasonable to imagine that the schedule can somewhat extend if he also decides to go to Altcoins.
