encryptionOptions market has seen a large amount of bullish bets, with the market expecting BTC to reach a new all-time high after Trump takes office.

News from TechFlow, on January 6th, according to CoinDesk, there is a large bullish bet in the Cryptocurrency Options market. A trader invested over $6 million in BTC bullish options with a strike price of $100,000 on Deribit exchange, expiring on March 28th.

Data analysis firm Amberdata pointed out that this reflects the market’s expectation that BTC will hit a new historical high after Trump takes office. Currently, the bullish options with a strike price of $120,000 have become the most popular options contract on Deribit, with an open interest of $1.52 billion nominal value.

Amberdata’s derivatives director Greg Magadini said in the weekly report that the period during and after the inauguration of Trump will be a golden period for the release of bullish policies, which may become a catalyst for driving up the BTC price.

Crypto Assets index provider CF Benchmarks holds a similar view in its annual report, believing that the SEC under the leadership of pro-Crypto Assets may reduce enforcement risks, simplify compliance requirements, and boost investor confidence. However, the institution also warns that policy implementation delays may bring short-term volatility.