Zhitong Finance and Economics learned that on Tuesday, Bitcoin rose above $69,000, a record high, and has risen 62 so far this year64%。In addition, Ethereum stood at $3,800, a new high since January 2022, up 482%。
Some Bitcoin concept stocks followed higher, with Coinbase (CoinUS) rose more than 26%, Canaan Technology (can.US) rose more than 5%, and Cipher Mining (CIFRUS) rose more than 7%.
Market expectations for bitcoin** to rise to $80,000 at the end of March are getting higher and higher. Data from Deribit and Amberdata shows that short-term call options expiring on March 29 have a strike** of $70,000 and $7, respectively$50,000 and $80,000, the number of open interest has increased in the last 24 hours. The Chicago Mercantile Exchange Group's open interest in Bitcoin and Ethereum** markets is just 18%。The increase in the number of these open interest indicates an increase in interest from U.S. institutions in cryptocurrency-related investments and hedging.
Luke Nolan, a research associate at crypto asset manager Coinshares, said: "Over the weekend, we saw a slowdown in buying out-of-the-money call options, but some of the level-headed people were at the time. At the beginning of the week we saw a resumption of activity, with many out-of-the-money calls expiring in March concentrated at 6$50,000, $70,000 (all-time high), and some other call options are concentrated at 7$50,000 and $80,000. ”