Bitcoin (BTC) futures have surged past the $100,000 mark on the Deribit exchange, trading at a significant premium to its spot market price. The BTC futures contract set to expire on March 28 was priced at $101,992, reflecting a 4.8% increase and a nearly 5% premium over the global spot price, which stands at $97,200, according to data from Deribit and TradingView.
Futures contracts for later dates also exhibited strong upward momentum. Contracts expiring on June 27 and September 26 traded at $104,948 and $107,690, respectively, indicating a steeply sloping futures curve. This price action suggests market expectations that Bitcoin’s spot price will comfortably surpass $100,000 by the end of March and continue to rise in the months that follow.
Additionally, BTC options on Deribit mirror this optimism, with the $100,000 call option showing a notional open interest of $2.13 billion, signaling investor confidence in the potential for further price gains.
However, not all futures markets are aligned with this bullish outlook. The December 28 BTC futures contract, which expires in the coming weeks, was priced below $100,000. Futures contracts on the Chicago Mercantile Exchange (CME), a key benchmark for institutional trading, also remained under the $100,000 threshold, as per TradingView data.
The disparity in pricing between different exchanges and contract expirations underscores varying expectations and sentiment across the Bitcoin futures market.
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