bitcoin Surges Past $116,000 Amidst Growing Optimism in Options Market

bitcoin‘s Record-Breaking Rally

NEW YORK – bitcoin has reached new heights, surpassing the $116,000 mark for the first time on July 10, as traders in the options market express increasing confidence in its future price movements. This surge marks the continuation of a remarkable rally that has captivated investors for two consecutive days.

Rising Interest in Call Options

As bitcoin‘s value climbs, the open interest on the Deribit exchange has shifted significantly towards call options, particularly those with strike prices of $115,000 and $120,000. Additionally, there is notable interest in longer-term options set to expire in late September and December, with strike prices reaching $140,000 and $150,000.

Institutional Demand Fuels the Surge

The recent price increase is largely attributed to heightened institutional interest, which has been bolstered by expectations of a more favorable regulatory environment following the recent U.S. elections. A Congressional committee has even designated the week of July 14 as “Crypto Week,” further highlighting the growing acceptance of digital currencies.

bitcoin‘s Performance in a Broader Market Context

In 2025, bitcoin has experienced a remarkable 25% increase, paralleling a broader rally in risk assets that has propelled stock markets to unprecedented levels. This performance underscores bitcoin‘s status as a leading digital asset.

Renewed Bullish Sentiment in the Options Market

Chris Newhouse, the research director at Ergonia, a decentralized finance trading firm, noted that the options market is reflecting a renewed sense of bullish sentiment among traders. This optimism has been further fueled by positive remarks from former President Donald Trump on his Truth Social platform.

Anticipation of Increased Demand from Crypto Treasury Companies

The rally is also influenced by expectations of rising demand from newly established crypto treasury companies. According to Mauricio Di Bartolomeo, co-founder and chief sales officer of Ledn, these firms are looking to issue shares or debt to acquire bitcoin, aiming to serve as proxies for the cryptocurrency in the stock market.

bitcoin‘s Resilience Amidst Macroeconomic Challenges

Despite facing macroeconomic challenges, including potential tariffs from the Trump administration set to take effect in August, bitcoin continues to demonstrate its unique value proposition. Roshan Roberts, CEO of trading platform OKX US, emphasized that bitcoin is increasingly viewed as a macro hedge and a maturing asset class, especially as trade tensions escalate and alternative cryptocurrencies falter.

Conclusion

As July unfolds, the market will face various tests, but bitcoin appears well-positioned to navigate these challenges, solidifying its reputation as a distinctive and resilient asset in the financial landscape.

Tags

• Cryptocurrencies
• United States
• Donald Trump
• Stock Market

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research before making any investment decisions.