yolowire.com - Bitcoin (CRYPTO: BTC) futures have risen above $100,000 U.S. on crypto derivatives exchange Deribit, trading at a premium to the current market price.
The pricing represents expectations that the actual spot price of Bitcoin will be above $100,000 U.S. by the end of March 2025.
Deribit's Bitcoin options suggest the same, with the $100,000 U.S. call option having an open interest of $2.13 billion U.S.
Bitcoin futures contracts expiring on March 28 traded 5% higher at $101,992 U.S., representing a premium to the current global spot price of $97,200 U.S.
Contracts expiring on June 27 and Sept. 26 of next year are currently changed hands at $105,000 U.S. and $107,690 U.S. on futures markets.
The futures pricing essentially reflects the fact that traders expect Bitcoin’s price to be above current levels and over the $100,000 U.S. mark in coming months.
The bullish futures bets come as the price of Bitcoin has risen 4% in the last 24 hours and is nearing the key threshold of $100,000 U.S.
Many analysts and investors are eagerly anticipating that Bitcoin will cross the $100,000 U.S. mark within days based on the current momentum.
The entire cryptocurrency market has rallied since Donald Trump won the U.S. presidency on Nov. 5, with Bitcoin’s price now up 120% on the year.