Key Points
After long being scoffed at as just more hype from crypto evangelists, Bitcoin-at-$100,000 predictions are beginning to look like a realistic possibility in the options market...
The largest cryptocurrency jumped to another all-time high of more than $70,000 on Friday, capping a seven-week run of more than 70%...
In the options market, the open interest, or the number of outstanding contracts, for call options with strike prices of $80,000 and $100,000 has jumped around 12% each in the last 24 hours, according to data compiled by Amberdata...
Lower volatility and leverage, as seen in the options and futures markets, suggest that Fridays price move was more driven by demand from the spot market..
The current increase in Bitcoins price appears to be more spot-driven since the market is much healthier, with lower leverage compared to Tuesday, said Luke Nolan, research associate at crypto asset manager CoinShares...
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