Bitcoin futures on Deribit have surged past the $100,000 threshold, indicating strong market confidence. Contracts set to expire in March, June, and September 2025 are trading above $100,000, with the March 28 contract noted at $101,992, which is a nearly 5% premium over the current global average spot price of $97,200. This reflects the market's expectation that Bitcoin's spot price will exceed $100,000 by late March and onwards. Furthermore, the Bitcoin call option at the $100,000 strike has an open interest exceeding $2 billion, reinforcing bullish sentiments. In contrast, shorter-term contracts, like the one expiring in late December, are trading below the $100,000 mark. The Chicago Mercantile Exchange, often considered indicative of institutional interest, shows similar trends with its futures trading under this psychological barrier.

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