Bitcoin Traders Bet on $140,000: Massive Bets until September

Bitcoin reached a new all-time high of over $112,000 this month, causing a stir in the crypto markets. Traders are more optimistic than they’ve been for a long time. More and more investors are betting that the Bitcoin price will break the $140,000 mark by the end of September.

Options market reflects strong confidence

A look at the options market shows that on the crypto exchange Deribit alone, call options worth $868 million with a strike price of $140,000 for September were concluded. These call options are bets that Bitcoin will trade above this level by its expiration date on September 26. Such positioning reflects strong confidence in Bitcoin’s continued upward movement.

Analysts expect further price increases

Market observers expect the Bitcoin price to continue rising this quarter. Markus Thielen, CEO of 10x Research, sees a price target of $116,000, while analysts at Bitwise predict as much as $136,000 for July. Short-term contracts also show a bullish trend: Many traders are betting that Bitcoin will reach over $120,000 by the end of July.

Why are traders so optimistic?

There are several reasons for this optimism. Large institutional investors and corporations are increasingly discovering Bitcoin as a hedge against macroeconomic risks. In the last 30 days, at least 21 firms have announced a total of $3.5 billion in Bitcoin Treasuries. Capital from altcoins could also flow into the Bitcoin market—analysts estimate up to $64 billion.

Another factor: expectations of interest rate cuts by the US Federal Reserve by the fall. According to the CME FedWatch tool, the probability of a rate cut by September is 63%. Lower interest rates make riskier assets like Bitcoin more attractive.

Conclusion: Is the next Bitcoin rally imminent?

The signs point to growth – both traders and analysts expect Bitcoin to reach new heights in the coming months. Institutional interest and potential interest rate cuts could further drive the price. If you’re looking for an exciting market, Bitcoin currently offers many opportunities. But as always, only invest what you’re willing to lose.

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(Featured image by Alesia Kozik via Pexels)

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