Bitcoin futures on Deribit have surpassed the $100,000 milestone, with contracts expiring in March, June, and September 2025 trading above this significant price point. This surge in the futures market indicates a bullish sentiment towards Bitcoin, as the contracts are trading at a premium to the current spot market price.
At the time of writing, the BTC futures contract expiring on March 28 was trading at $101,992, which is approximately 5% higher than the global average spot price of $97,200. Similarly, contracts expiring in June and September were changing hands at $104,948 and $107,690 respectively, showing an upward-sloping futures curve.
These prices reflect the market’s expectation that Bitcoin’s spot price will comfortably exceed $100,000 by the end of March and beyond. Deribit’s BTC options also support this outlook, with the $100,000 call option boasting an open interest of over $2 billion.
It is worth noting that the futures contract expiring in a few weeks on Dec. 28 was trading at a price below $100,000. Additionally, contracts on the Chicago Mercantile Exchange, which are seen as a gauge of institutional activity, were also trading below this milestone.
The surge in Bitcoin futures on Deribit comes amidst a broader market trend where Bitcoin broke the $64,000 mark while the price of gold soared. The ETH/BTC ratio also slid to its lowest level since April 2021, raising questions about whether Bitcoin is losing its bullish momentum.
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Overall, the surge in Bitcoin futures past the $100,000 milestone on Deribit reflects a positive sentiment towards the leading cryptocurrency, with expectations of further price appreciation in the coming months. This development underscores the growing interest and confidence in Bitcoin as a digital asset with significant potential for future growth and adoption.