Bitcoin Aims For $80K as Futures Premium Soars and Whopping $1.6B in Open Options Bet Hints Price Swings

Elsewhere, open interest in the $80,000 strike BTC call, offering an asymmetric upside potential to buyers beyond the said level, increased above $1.6 billion, according to data source Deribit. Traders have been piling into the $80,000 call since before the U.S. election, anticipating a breakout before the end of year-end.

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