BTC futures expiring in 2025 are trading above $100,000 on Deribit, indicating bullish expectations for the cryptocurrency. The BTC call option at a $100,000 strike has an open interest of over $2 billion. Futures contracts expiring in March, June, and September 2025 are trading at a premium to the spot market price, suggesting confidence that the spot price will exceed $100,000. However, futures contracts expiring in a few weeks are still trading below $100,000.



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