Bitcoin Whales Bet Big on $50K BTC in January as Matrixport's Accurate End-of-Year Target Holds

Bitcoin options open interest has reached a record-breaking $20.5 billion, indicating increased involvement from institutional investors. Deribit, with a 90% market share, holds a substantial $2.05 billion open interest for options expiring on Jan. 26. The $50,000 call options have garnered significant attention, with a valuation of $8.8 million, potentially increasing if a spot ETF is approved. However, the demand for call options in the $70,000 to $80,000 range is relatively low. Put options are positioned cautiously, with 97% of bets placed at $42,000 or lower. The regulatory landscape and the ongoing Binance trial may impact the market.