Traders are anticipating that bitcoin prices will reach record highs following Donald Trump's inauguration on January 20th. A trader on the Deribit crypto exchange spent over $6 million on call options with a $100,000 strike price set to expire in March, suggesting expectations of new highs for bitcoin after Trump takes office. Traders are also bullish on prices reaching above $120,000, with the $120,000 call option being the most popular on Deribit. However, potential delays in policy development could temper market optimism. The expectation of pro-crypto regulatory changes following Trump's election win has boosted market sentiment, but the rally has slowed down in December.



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