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BlackRock's IBIT options position size surpasses Deribit for the first time, accelerating the institutionalization of Bitcoin
BlackRock's Bitcoin spot ETF IBIT's open interest (OI) in options rose to $27.61 billion on Friday, surpassing the $26.9 billion Bitcoin options market on the crypto derivatives platform Deribit for the first time.
According to Volmex data, IBIT call options are mainly betting on Bitcoin's short-term price rise to $109,709, about 41% higher than the current level of approximately $77,400; meanwhile, the Deribit market mainly expects Bitcoin to rise to about $106,000. At the same time, the average expiration date of IBIT options is about two months longer than Deribit, indicating that investors in the regulated U.S. market are more inclined toward long-term holding and have a stronger bullish sentiment, further highlighting the accelerating trend of Bitcoin market institutionalization. $BTC
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