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Against the Odds, Some Bitcoin Traders Are Betting on a $36K Price by Year's End

The Deribit exchange has seen a spike in investors buying the $36,000 December call option despite the market placing low odds on a new record high this year.

Change in open interest on BTC options at Deribit (Chart: Skew)
Change in open interest on BTC options at Deribit (Chart: Skew)