BTC options target price range is higher: the end of September and December expiration unpositioned squaring contract call-over price has reached 140,000 and 150,000 dollars

Bitcoin options data shows that traders are now targeting higher price ranges, with Deribit exchange unpositioned squaring contracts clearly concentrated in call-over 115,000 and $120,000 call options, longer term options expiring in late September and December, unpositioned squaring contracts have been extended to 140,000 and $150,000 call-over prices. Chris Newhouse, Chief Research Officer at DeFi trading house Ergonia, said: "The options market is reflecting strong bullish sentiment. The market broke through the all-time high just after the largest short position squaring since May 7, and about 447 million US dollar positions were liquidated, which clearly shows that bearish positions are overcrowded and prone to short rolling." Market analysts believe that bitcoin has reached an all-time high, thanks to the relentless accumulation of institutional investors, leading players are absorbing large amounts of supply and draining liquidity from exchanges.