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In response to Bitcoin’s recent price fluctuations, the options market is showing heightened activity, particularly with a focus on call options at a $50,000 strike price set to expire on Jan. 26. 
According to <a href="https://metrics.deribit.com/options/BTC" data-type="link" data-id="https://metrics.deribit.com/options/BTC" target="_blank" rel="noopener">Deribit data</a>, over 8,300 contracts, valued at $376 million, are outstanding at this strike price, suggesting a notable anticipation of a potential rise in Bitcoin’s value. 
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 <img loading="lazy" decoding="async" width="1024" height="512" src="https://crypto.news/app/uploads/2024/01/chart-5-1024x512.png" alt="Deribit sees significant interest in $50k Bitcoin call options - 35" class="wp-image-14234168">
</figure> 
Across all expiry dates on Deribit, there are more than 21,800 contracts for calls at $50,000, totaling a notional value of $926 million. Additionally, <a href="https://velodata.app/options" data-type="link" data-id="https://velodata.app/options" target="_blank" rel="noopener">Velo Data</a> highlights a skew towards higher strike prices, particularly at $60,000 for the Jan. 26 expiry. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="536" src="https://crypto.news/app/uploads/2024/01/BTC-Active-Options-2024-01-03T11_20_14-1024x536.webp" alt="Deribit sees significant interest in $50k Bitcoin call options - 36" class="wp-image-14234164">
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 Bitcoin’s call options at $60,000 strike price | Velo Data
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</figure> 
 You might also like: <a href="https://crypto.news/sec-will-reject-all-bitcoin-etfs-in-january-says-matrixport/"> SEC will reject all Bitcoin ETFs in January, says Matrixport </a> 
High-leverage trading allows traders to control positions with less capital and can amplify profits and intensify losses. Recent <a href="https://crypto.news/markets/" data-type="link" data-id="https://crypto.news/markets/">market volatility</a> led to the liquidation of over $147 million in Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/">BTC</a>) positions, mainly affecting longs. 
In the last 24 hours, the crypto market experienced a total of <a href="https://crypto.news/bitcoin-falls-10-in-three-hours-following-matrixport-proclamation/" data-type="link" data-id="https://crypto.news/bitcoin-falls-10-in-three-hours-following-matrixport-proclamation/">$642 million</a> in liquidations across centralized exchanges, emphasizing the importance of risk management in such conditions. Bitcoin’s price retraced over 6% to below $43,000 after reaching a year-to-date high of $45,800. 
 Read more: <a href="https://crypto.news/how-crypto-market-mirrors-early-stock-market-trends/"> How crypto market mirrors early stock market trends </a>

Deribit sees significant interest in $50k Bitcoin call options

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