Bitcoin options trading has seen a significant increase as institutional investors speculate that Bitcoin prices will continue to rise. Following the pro-crypto re-election of Donald Trump, Bitcoin's options open interest reached nearly $25 billion, surpassing last week's peak of around $24 billion. The rise in open interest indicates heightened bullish sentiment among institutional players, which experts believe could enhance market liquidity and further increase Bitcoin's price. Currently, Bitcoin is valued just below $88,600, with forecasts suggesting it could reach $100,000 by the end of the year, particularly as Donald Trump's cabinet appointments are announced.
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