Traders on the decentralized platform Derive are heavily buying Bitcoin call options with strike prices between $80,000 and $90,000, anticipating a price rise around the US midterm elections in early November. Additionally, there is growing interest in calls betting Bitcoin will exceed $100,000 by Christmas. Derive dominates onchain crypto options, capturing over 90% of the market, and recently upgraded its platform to improve transaction speeds and efficiency. This surge in call buying reflects bullish sentiment tied to key upcoming events and highlights increasing demand for decentralized derivatives trading among professional investors.
Bitcoin's market cap stands at Rp29.342,2 trillion as of Oct 26, 2026 19:01 WIB, with a 24-hour trading volume of Rp336,28 trillion on Pluang. Despite the surge in call options on Derive, Bitcoin's price on Pluang is slightly down by 0.34% at Rp1.450.705.520, while buy orders dominate at 78% of activity. The typical hold time of 112 days suggests steady investor interest amid the current market dynamics.
A trader placed a $68 million bet on bitcoin's price rising above $90,000 shortly after the U.S. midterm elections, using call options on the decentralized platform Derive. This large position reflects growing optimism, with market odds also rising f...
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