Why options traders are suddenly targeting 200,000 USD Bitcoin strikes

As of now, Bitcoin’s price sits at 117,826 USD. The open interest in Bitcoin futures has hit 84.83 billion USD, signaling a strong interest in options trading and expectations for future price increases.

The U.S. SEC Chair has announced the government’s recognition of digital assets, particularly stablecoins, marking a significant shift in the financial landscape, which is likely to drive institutional interest and speculation in Bitcoin.

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