<ul data-eligibleForWebStory="false"><li>Bitcoin options traders are eyeing higher prices as the cryptocurrency extends its record run.</li><li>Open interest on Deribit is concentrated in call options with $115,000 and $120,000 strike prices, with longer-term options showing interest at $140,000 and $150,000.</li><li>The rally in Bitcoin triggered liquidation of short positions worth over a billion dollars, alongside increased investments in Bitcoin ETFs. Ether also surged, with strong inflows into US spot ETFs and record open interest in Ether futures.</li><li>Institutional demand is fueling Bitcoin's breakout, with bullish sentiment reflected in the options market and positive funding rates in the Bitcoin perpetual futures market. Expectations of rising demand from crypto treasury companies are also contributing to the rally.</li></ul>

Bitcoin options traders eye $120 000 as token extends record run

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