Bitcoin (BTC) Options Traders Target $20K Strike Price as OTM Contracts Gain Popularity

Bitcoin traders are increasingly focusing on a $20,000 strike price for options contracts, signaling a notable shift in market sentiment. These "deep out of the money" (OTM) options, which would only become profitable if BTC experiences a significant price surge, are gaining substantial traction among investors. This activity suggests that a segment of the market is positioning for a potential bullish breakout, despite current trading levels. The growing interest in these high-risk, high-reward derivatives highlights speculative confidence in Bitcoin's long-term appreciation. Analysts monitor this trend as a gauge of professional trader expectations for future volatility and price targets in the cryptocurrency market.