Bitcoin options traders have set their sights on the $100,000 milestone price

The leverage rate in the cryptocurrency market is rising, with open positions in futures and options markets at high levels. The Bitcoin futures contracts of the Chicago Mercantile Exchange are one of the most popular ways for U.S. institutional investors to increase leverage, while overseas traders often use perpetual contracts and options from some exchanges to place bets. Ravi Doshi, Market Director of bulk broker FalconX said: "At these levels, traditional financial institutions will lend dollars to the cryptocurrency market by shorting them to achieve an annualized return rate of 18% before the end of November. As interest rates continue to inflate, FalconX's derivatives trading desk has seen strong interest in this type of trade." Bitcoin option traders have already set their sights on a milestone price of $100,000 for this original cryptocurrency.

According to data from cryptocurrency options exchange Deribit, investors are lining up bets that Bitcoin will break through this milestone by the end of this year. On Monday, Deribit data showed that there were 9,635 open positions betting that Bitcoin would reach $100,000 by December 27th (worth about $780 million), which was the highest bet in any trade on that expiration date. Deribit set the chance for successful execution at 18.6%. (bnnbloomberg)