Bitcoin 
$88,102 There has been a remarkable increase in based option trading in recent days. This rise is seen as part of the crypto market rally triggered by Trump’s re-election as president.
Market Data
Open interest for Bitcoin options reached $25 billion on Monday, according to crypto market data platform Deribit. This figure is very close to the peak of approximately $24 billion recorded in the same period last year, right after Trump’s victory.
This rise in the Bitcoin options market shows that institutional investors’ interest in Bitcoin is strengthening. Experts are of the opinion that institutional participation can increase market liquidity, which can have a positive impact on Bitcoin prices.
Expert Opinions
“Investor interest in Bitcoin is growing significantly, especially from institutional investors,” said Todd Ruoff, CEO of Autonomys Network. Ruoff stated that this interest provides strong support for market dynamics.
It is thought that this increased interest after Trump’s re-election as president continues to support the Bitcoin price. Expectations are that the Bitcoin price may rise even further before Trump takes office.
Expectations for Price Rise
Bitcoin rose as high as $89,500 on Monday; It is currently trading just below $88,600. Joe Flanagan, founder of the Maple company, states that there may be a connection between Trump’s cabinet appointments and the price of Bitcoin. Flanagan pointed out that the appointments to be made, especially in the Ministry of Treasury and the SEC, could give positive momentum to the crypto market.
However, it remains unclear to what extent the new administration’s support to the crypto industry will continue. It is a matter of curiosity whether the decisions to be taken in Trump’s first 90 days will support the crypto industry.
Increasing interest from institutional investors in Bitcoin is creating more volume in the options market. These developments continue to strengthen Bitcoin’s market stability and growth potential.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
