The target price range for BTC options has risen: the exercise prices of open contracts due at the end of September and December have reached $140000 and $150000, respectively

According to a report by Golden Finance, Bitcoin options data shows that traders are currently targeting higher price ranges. Open contracts on the Deribit exchange are clearly concentrated towards call options with exercise prices of $115000 and $120000. For longer-term options expiring at the end of September and December, open contracts have extended to exercise prices of $140000 and $150000. Chris Newhouse, Research Director of DeFi trading firm Ergonia, pointed out that "the options market is reflecting strong bullish sentiment. Just before breaking through historical highs, the market encountered the largest short liquidation since May 7th, with about $447 million in positions being forcefully liquidated. This clearly indicates that put positions have become overcrowded and easily triggered short selling." Market analysis believes that Bitcoin has hit a historic high, thanks to the unremitting accumulation of institutional investors, and major participants are absorbing a large amount of supply and consuming the liquidity of the exchange.