Bitcoin Surges with $110K Option Strategy

Bitcoin Options Trading Surges Despite Market Stagnation

• Bitcoin has remained below $100,000 this month.
• The most popular options play is the $110,000 call expiring on March 28.
• Traders have paid over $6 million in net premiums for these call options.
• Bitcoin traded between $95,000 and $100,000 throughout the month.
• MicroStrategy continues to accumulate Bitcoin amid market fluctuations.
• A controversial memecoin incident involved Argentina’s President Xavier Milei.

This month, Bitcoin’s price hovered between $95,000 and $100,000. Despite this stagnation, traders invested over $6 million in call options for a potential future price of $110,000 by March 28.