Victory

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-options-trading-sees-significant-growth-following-trumps-victory/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Options Trading Sees Significant Growth Following Trump’s Victory</a> 
Recent days have seen a remarkable increase in Bitcoin -based options trading. This surge is viewed as part of the <a href="https://en.coin-turk.com/sec-withdraws-request-to-determine-solanas-security-status-in-binance-case/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/analyst-predicts-bitcoin-price-target-at-35000/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market rally triggered by Trump’s re-election.
<h2 style="text-align: justify" id="strong-market-data-strong">Market Data</h2>
According to cryptocurrency market data platform Deribit, the open position size for Bitcoin options reached $25 billion on Monday. This figure is very close to the approximately $24 billion peak recorded in the same period last year, just after Trump’s victory.
The rise in the Bitcoin options market indicates strengthened interest from institutional investors in Bitcoin. Experts believe that increased institutional participation could enhance market liquidity, positively impacting Bitcoin prices.
<h2 style="text-align: justify" id="strong-expert-opinions-strong">Expert Opinions</h2>
Todd Ruoff, CEO of Autonomys Network, stated, “Investor interest in Bitcoin is significantly increasing, especially among institutional investors.” Ruoff noted that this interest provides strong support for market dynamics.
It is believed that the growing interest following Trump’s re-election continues to support Bitcoin prices. Expectations suggest that the price of Bitcoin may rise further before Trump officially takes office.
On Monday, Bitcoin peaked at $89,500 and is currently hovering just below $88,600. Joe Flanagan, founder of Maple, indicates a potential link between Trump’s cabinet appointments and Bitcoin prices. Flanagan highlights that appointments, particularly in the Treasury Department and <a href="https://en.coin-turk.com/the-midpoint-of-the-bull-market-for-bitcoin-and-altcoins-has-been-reached/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a>, could provide positive momentum for the cryptocurrency market.
However, uncertainty remains regarding the extent of the new administration’s support for the crypto sector. Decisions made in Trump’s first 90 days are anticipated to determine if there will be continued backing for the crypto industry.
The growing interest of institutional investors in Bitcoin is creating more volume in the options market. These developments continue to strengthen Bitcoin’s market stability and growth potential.
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Bitcoin Options Trading Sees Significant Growth Following Trump’s Victory

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