Bitcoin Traders Eyeing Record Prices Amid Market Volatility

Bitcoin's price has been on the rise in recent weeks, with traders optimistic about its future prospects. Despite some predicting it could reach $100,000, futures markets suggest that prices may dip before reaching this level.

The largest venue for crypto options, Deribit, shows that the $80,000 call has become the single biggest strike by open interest this week. This indicates that traders are rebuilding bets on a move towards $80,000 as geopolitical tensions ease and institutional demand increases.