Bitcoin (BTC) futures on Deribit have breached the $100,000 threshold, trading at a notable premium to the spot market price, signaling strong bullish sentiment.
At the time of writing, the March 28 BTC futures contract is priced at $101,992, reflecting a 4.8% premium over the spot price of $97,200. Futures contracts set to expire later in 2025, including June 27 and September 26, are trading even higher at $104,948 and $107,690, respectively, indicating an upward-sloping futures curve. This pricing pattern suggests market confidence in Bitcoin’s ability to sustain six-figure valuations in the months ahead.
Additionally, Deribit’s BTC options market echoes this optimism, with $100,000 call options showcasing a significant notional open interest of $2.13 billion. These positions underline traders’ expectations of sustained price growth.
Meanwhile, shorter-term futures, such as those expiring on December 28, are trading below $100,000. Similarly, BTC futures on the Chicago Mercantile Exchange (CME), a platform often associated with institutional trading, remain under the six-figure mark, according to TradingView data. These discrepancies highlight differing perspectives and timelines across various market segments.
