As Bitcoin Eyes $80K, Futures Premium Soars and $1.6B Locked in Options Bet Points to Big Moves

Elsewhere, open interest in the $80,000 strike BTC call, offering an asymmetric upside potential to buyers beyond the said level, increased above $1.6 billion, according to data source Deribit. Traders have been piling into the $80,000 call since before the U.S. election, anticipating a breakout before the end of year-end.

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Cryptocurrencies: 17,172
Markets: 1,255
Marketcap: $ 3.30 T
24h Vol: $ 84.29 B
BTC Dominance: 57.49%