Bitcoin
$42,580.39+1.89%
Ethereum
$2,911.71+2.02%
XRP
$0.941272+2.10%
Cardano
$2.37+7.69%
Polkadot
$30.57+2.02%
Stellar
$0.279555+1.25%
Dogecoin
$0.208225+1.02%
Chainlink
$22.82+1.91%
Uniswap
$19.56+1.27%
Cosmos
$40.69+5.45%
Polygon
$1.13+0.52%
Algorand
$1.76-1.16%
Litecoin
$151.40+2.81%
Bitcoin Cash
$514.47+2.20%
Wrapped Bitcoin
$42,602.87+1.48%
The Graph
$0.685558+0.42%
Filecoin
$62.09-1.54%
Tron
$0.091499-0.44%
Ethereum Classic
$47.58+2.86%
Tezos
$7.12+17.24%
Aave
$278.36+0.43%
Monero
$238.71+3.26%
NEO
$39.47+1.00%
EOS
$4.03+1.39%
IOTA
$1.24-0.81%
BitTorrent
$0.003263+1.15%
Bitcoin SV
$135.08+0.64%
Waves
$24.41-5.98%
Maker
$2,274.55-0.01%
Dash
$166.45+1.76%
Decred
$117.30+3.93%
Decentraland
$0.690082+1.70%
ICON
$1.57+1.22%
NEM
$0.148394+1.19%
Zcash
$110.87+1.94%
OmiseGO
$8.90+0.31%
Paxos Standard
$1.00+0.03%
Ren
$1.14+14.85%
Yearn Finance
$29,958.12+5.46%
NuCypher
$0.276319+2.73%
Bitcoin Gold
$54.46+3.92%
Qtum
$9.77+0.74%
Basic Attention Token
$0.649000+2.17%
Fetch.ai
$0.812440+5.07%
0x
$0.905492+2.24%
Kava.io
$6.04+6.07%
Bancor
$3.44+1.46%
Band Protocol
$7.49+1.88%
Siacoin
$0.014864+1.09%
Nano
$4.77+1.13%
Loopring
$0.381935+1.20%
Storj
$1.09+2.04%
Numeraire
$41.90+3.79%
Civic
$0.458709-0.55%
Lisk
$2.99+6.06%
Orchid
$0.319809-0.40%
PAX Gold
$1,759.11+0.36%
Augur
$22.15+6.90%
Enzyme
$132.75+1.95%
Aragon
$4.83+5.19%
district0x
$0.151957+3.88%
Kyber Network
$1.44+2.03%
SingularDTV
$0.001283+1.13%
Tether
$1.00+0.02%
USD Coin
$1.00+0.03%
Dai
$1.00+0.03%

Traders Can Now Bet on 'Bitcoin $300K' as Options Keep Pace With Rising Price

It supersedes the $200,000 option on Deribit as the maximum one can wager.

Jan 8, 2021 at 10:15 p.m. UTC
Updated Sep 14, 2021 at 10:53 a.m. UTC

Traders can now bet on whether bitcoin will hit $300,000 by year's end.

  • Crypto derivatives exchange Deribit has added a $300,000 option to keep up with BTC's blistering price performance in recent weeks.
  • The $200,000 option came into being late last week after bitcoin rose from $25,000 on Dec. 25 to $32,000 on Jan. 2.
  • Six days later – with bitcoin currently north of $39,000 and having risen to as high as $41,962.36 earlier Friday – the maximum option followed suit.
  • Even with the bullishness driving bitcoin's rally, there's only so high folks are willing to climb, as you can see from the following picture of open positions on Deribit's website.
  • Other than one optimistic soul wagering that $200,000 this year could be a real thing, there's been no activity at any strike above $100,000.

BTC options on Deribit

  • Generally, options indicate how some of the market's more sophisticated traders are gauging current price trends.
  • Hope may spring eternal but apparently even hope has a ceiling.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...