Sota Watanabe Says October Will Be Great: Bitcoin Bulls Stack $100,000 Bets

Bitcoin has to climb nearly 20% in four days for the biggest bets on the options market boards to pay off. Traders stacked them anyway. Roughly $16.07 billion in Bitcoin (BTC) options expire Friday. The heaviest bullish positions sit at $90,000 and $100,000.

Bitcoin trades near $81,292. \Bitcoin Options Market for Contracts Expiring Friday. Source: Deribit The Money Sits Well Above the Price A call pays out when the price rises past a set level. A put pays out when it falls.

Friday’s expiry holds 121,676 calls against 68,333 puts, Deribit data shows. That works out to a put/call ratio of 0.56. Close to two bullish contracts for every bearish one. The single biggest call cluster sits at $85,000, about 5% above the current Bitcoin price.

Stacks at $90,000 and $100,000 follow. A few reach $125,000, which would take a 54% rally. The largest put cluster sits at $70,000, a level Bitcoin cleared last week. Bitcoin (BTC) Price Performance.