Bitcoin's (BTC) rally is gaining momentum, with institutions stepping up their exposure to the leading cryptocurrency through Deribit's BTC options market."Panning out over just the last week shows a much bigger sign of institutional positioning on BTC," Deribit said on X Friday, noting the bullish flows in the BTC options.The exchange has seen robust buying of call options at the $110,000 strike expiring in June and July and calendar spreads involving a long position in the $140,000 strike call expiring at the end of September and a short position in the $170,000 strike call expiring at the end of the year.The demand for the $110,000 strike call indicates expectations for a continued price rise in the coming weeks, with potential for an extended rise to at least $140,000
source: https://www.coindesk.com/markets/2025/05/09/bitcoin-sees-surge-in-institutional-confidence-deribit-listed-btc-options-market-reveals