According to CF Benchmarks, traders are flocking to the $100,000 call option on the CME, a location favored by institutional investors, following the lead of their Deribit-based counterparts. A call option gives the purchaser the right, but not the obligation, to purchase the underlying asset at a predetermined price on or before a specific date. A call buyer is implicitly bullish on the market.
Source: https://www.coindesk.com/markets/2024/11/13/bitcoin-traders-make-100k-price-bets-through-cme-options-cf-benchmarks/?utm_medium=referral&utm_source=rss&utm_campaign=headlines