Sota Watanabe Says October Will Be Great: Bitcoin Bulls Stack $100,000 Bets
Bitcoin has to climb nearly 20% in four days for the biggest bets on the options market boards to pay off. Traders stacked them anyway. Roughly $16.07 billion in Bitcoin (BTC) options expire Friday. The heaviest bullish positions sit at $90,000 and $100,000. Bitcoin trades near $81,292. Sponsored Sponsored \Bitcoin Options Market for Contracts Expiring Friday. Source: DeribitThe Money Sits Well Above the Price A call pays out when the price rises past a set level. A put pays out when it falls. Fridays expiry holds 121,676 calls against 68,333 puts, Deribit data shows. That works out to a put/call ratio of 0.56. Close to two bullish contracts for every bearish one. The single biggest call cluster sits at $85,000, about 5% above the current Bitcoin price. Stacks at $90,000 and $100,000 follow. A few reach $125,000, which would take a 54% rally. The largest put cluster sits at $70,000, a level Bitcoin cleared last week. Bitcoin (BTC) Price Performance. Source: TradingViewEvery Call Has a Seller on the Other Side Here is what the chart does not show. Open interest counts contracts still alive. It says nothing about who is winning. Somebody bought each of those calls. Somebody sold them. Sponsored Sponsored Max pain for Friday sits at $73,000. That is the









