{"id":563471,"date":"2023-12-02T00:01:06","date_gmt":"2023-12-02T00:01:06","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=563471"},"modified":"2024-06-11T08:01:47","modified_gmt":"2024-06-11T08:01:47","slug":"bitcoin-bullish-surge-ahead-deribit-predicts-leap","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/","title":{"rendered":"Bitcoin&#8217;s Bullish Surge Ahead: Deribit Predicts Major Price Leap In Early 2024"},"content":{"rendered":"<p>A recent <a href=\"https:\/\/x.com\/DeribitExchange\/status\/36808824?s=20\" target=\"_blank\" rel=\"noopener nofollow\">analysis<\/a> by Deribit, a leading derivatives exchange, suggests a bullish sentiment for Bitcoin as we approach early 2024. This optimism is rooted in the current Bitcoin put-call options ratio, a critical option market metric.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-alert-137-million-moved-by-long-sleeping-whale-market-braces-for-impact\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Alert: $137 Million Moved By Long-Sleeping Whale, Market Braces For Impact<\/a><\/div>\n<h2>Deribit&#8217;s Insight: Bitcoin Calls Outpace Puts Signaling Market Confidence<\/h2>\n<p>Notably, options are financial instruments that give traders the right, but not the obligation, to buy (call options) or sell (put options) an <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-alert-137-million-moved-by-long-sleeping-whale-market-braces-for-impact\/\" target=\"_blank\" rel=\"noopener \">underlying asset<\/a> at a specified price within a set time frame. The put-call ratio is used in options trading to measure market sentiment.<\/p>\n<p>A put option signifies a bet on the price of an asset falling, while a call option represents a wager on its rise. A lower put-call ratio indicates that more traders are betting on the asset&#8217;s price increasing rather than decreasing.<\/p>\n<p>Deribit&#8217;s analysis shows an <a href=\"https:\/\/www.ktsl888.com\/analysis\/btc\/bitcoin-price-sprint-to-40000\/\" target=\"_blank\" rel=\"noopener \">increasing trend<\/a> in the number of call options outstripping put options in Bitcoin\u2019s options market. Luuk Strijers, Chief Commercial Officer at Deribit, highlighted that the put-call ratio for Bitcoin has consistently hovered &#8220;between 0.4 and 0.5&#8221; throughout the year.<\/p>\n<p>This trend is particularly noticeable for options expiring in March and June 2024, suggesting that investors are increasingly using call options to position for a <a href=\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-price-breaks-38000-reasons\/\" target=\"_blank\" rel=\"noopener \">potential appreciation<\/a> in Bitcoin&#8217;s value during this period.<\/p>\n<p>The put-call options ratio falling below one is a bullish market indicator, as it shows that call volume, or bets on the price increase, surpasses the put volume, which are bets on the price decrease. According to Deribt, Bitcoin&#8217;s put-call ratio currently <a href=\"https:\/\/metrics.deribit.com\/options\/BTC\" target=\"_blank\" rel=\"noopener nofollow\">stands at\u00a00.42<\/a>, as of today.<\/p>\n<h2>A Surge In Crypto Derivatives Activity<\/h2>\n<p>Meanwhile, November has seen significant activity in the crypto derivatives market, as noted by Strijers. The Deribit executive attributes this increased market activity to <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-unbreakable-floor-analyst-predicts-btc-wont-fall-below-35000-ever-again\/\" target=\"_blank\" rel=\"noopener \">higher levels<\/a> of &#8220;implied volatility (DVOL),&#8221; which have spurred &#8220;opportunities and overall market volumes.&#8221;<\/p>\n<figure id=\"attachment_563486\" aria-describedby=\"caption-attachment-563486\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-563486 size-large\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.02.40.png?w=860&#038;resize=860%2C527\" alt=\"Bitcoin open interest by expiration.\" width=\"860\" height=\"527\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.02.40.png?w=2490 2490w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.02.40.png?w=460 460w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.02.40.png?w=768 768w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.02.40.png?w=860 860w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.02.40.png?w=1536 1536w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.02.40.png?w=2048 2048w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.02.40.png?w=750 750w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.02.40.png?w=1140 1140w\" sizes=\"(max-width: 860px) 100vw, 860px\"><figcaption id=\"caption-attachment-563486\" class=\"wp-caption-text\">Bitcoin open interest by expiration. | Source: <a href=\"https:\/\/metrics.deribit.com\/options\/BTC\" target=\"_blank\" rel=\"noopener nofollow\">Deribit<\/a><\/figcaption><\/figure>\n<p>The expiration dates of the upcoming options, especially the significant one on December 29, are expected to maintain the heightened interest and activity in the market. With $5.7 billion in Bitcoin options and $2.7 billion in Ethereum options set to expire at the end of December, the market is <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-on-the-brink-analyst-predicts-open-interest\/\" target=\"_blank\" rel=\"noopener \">poised for notable movements<\/a>.<\/p>\n<figure id=\"attachment_563487\" aria-describedby=\"caption-attachment-563487\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-563487 size-large\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.06.49.png?w=860&#038;resize=860%2C527\" alt=\"Bitcoin open interest based on previous day.\" width=\"860\" height=\"527\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.06.49.png?w=2125 2125w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.06.49.png?w=460 460w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.06.49.png?w=768 768w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.06.49.png?w=860 860w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.06.49.png?w=1536 1536w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.06.49.png?w=2048 2048w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.06.49.png?w=750 750w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-01-at-17.06.49.png?w=1140 1140w\" sizes=\"(max-width: 860px) 100vw, 860px\"><figcaption id=\"caption-attachment-563487\" class=\"wp-caption-text\">Bitcoin open interest based on the previous day. | Source: <a href=\"https:\/\/metrics.deribit.com\/options\/BTC\" target=\"_blank\" rel=\"noopener nofollow\">Deribit<\/a><\/figcaption><\/figure>\n<p>Bitcoin maintains its <a href=\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-spot-etf-january-2024\/\" target=\"_blank\" rel=\"noopener \">upward momentum<\/a>, advancing by 1.8% over the past 24 hours. With Bitcoin currently trading at $38,344, the asset has sustained the gains achieved at the close of the previous month.<\/p>\n<div class=\"css-175oi2r\">\n<div id=\"id__cp1zlpxfo4\" class=\"css-175oi2r r-1ssbvtb r-1s2bzr4\" aria-labelledby=\"id__hwrne7hhtuw id__ihbxta9dgoo\">\n<div class=\"css-175oi2r r-9aw3ui\">\n<div class=\"css-175oi2r\">\n<div class=\"css-175oi2r\">\n<div class=\"css-175oi2r r-1kqtdi0 r-1phboty r-rs99b7 r-1867qdf r-1udh08x r-o7ynqc r-6416eg r-1ny4l3l\">\n<div>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-on-the-brink-analyst-predicts-open-interest\/\" target=\"_blank\" rel=\"noopener \">Bitcoin On The Brink? Analyst Predicts Soaring Open Interest May Signal 20% Price Correction<\/a><\/div>\n<\/div>\n<div>\n<p>Bitcoin\u2019s trading volume significantly reflects heightened market activity, suggesting ongoing buying pressure. In just the last day, trading volumes have surged from around $11 billion earlier in the week to over $21 billion, a noteworthy indication of increasing investor engagement.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div><\/div>\n<div class=\"css-175oi2r\">\n<div class=\"css-175oi2r\">\n<div class=\"css-175oi2r r-1kqtdi0 r-1phboty r-rs99b7 r-1867qdf r-1udh08x r-o7ynqc r-6416eg r-1ny4l3l\">\n<div>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/X1NSPEpm\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1496\"><figcaption class=\"wp-caption-text\">Bitcoin (BTC) price is moving sideways on the 4-hour chart. Source: BTC\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<div>Featured image from Unsplash, Chart from TradingView<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A recent analysis by Deribit, a leading derivatives exchange, suggests a bullish sentiment for Bitcoin as we approach early 2024. This optimism is rooted in the current Bitcoin put-call options ratio, a critical option market metric. Related Reading: Bitcoin Alert: $137 Million Moved By Long-Sleeping Whale, Market Braces For Impact Deribit&#8217;s Insight: Bitcoin Calls Outpace Puts Signaling Market Confidence Notably, options are financial instruments that give traders the right, but not the obligation, to buy (call options) or sell (put options) an underlying asset at a specified price within a set time frame. The put-call ratio is used in options trading to measure market sentiment. A put option signifies a bet on the price of an asset falling, while a call option represents a wager on its rise. A lower put-call ratio indicates that more traders are betting on the asset&#8217;s price increasing rather than decreasing. Deribit&#8217;s analysis shows an increasing trend in the number of call options outstripping put options in Bitcoin\u2019s options market. Luuk Strijers, Chief Commercial Officer at Deribit, highlighted that the put-call ratio for Bitcoin has consistently hovered &#8220;between 0.4 and 0.5&#8221; throughout the year. This trend is particularly noticeable for options expiring in March and June 2024, suggesting that investors are increasingly using call options to position for a potential appreciation in Bitcoin&#8217;s value during this period. The put-call options ratio falling below one is a bullish market indicator, as it shows that call volume, or bets on the price increase, surpasses the put volume, which are bets on the price decrease. According to Deribt, Bitcoin&#8217;s put-call ratio currently stands at\u00a00.42, as of today. A Surge In Crypto Derivatives Activity Meanwhile, November has seen significant activity in the crypto derivatives market, as noted by Strijers. The Deribit executive attributes this increased market activity to higher levels of &#8220;implied volatility (DVOL),&#8221; which have spurred &#8220;opportunities and overall market volumes.&#8221; The expiration dates of the upcoming options, especially the significant one on December 29, are expected to maintain the heightened interest and activity in the market. With $5.7 billion in Bitcoin options and $2.7 billion in Ethereum options set to expire at the end of December, the market is poised for notable movements. Bitcoin maintains its upward momentum, advancing by 1.8% over the past 24 hours. With Bitcoin currently trading at $38,344, the asset has sustained the gains achieved at the close of the previous month. Related Reading: Bitcoin On The Brink? Analyst Predicts Soaring Open Interest May Signal 20% Price Correction Bitcoin\u2019s trading volume significantly reflects heightened market activity, suggesting ongoing buying pressure. In just the last day, trading volumes have surged from around $11 billion earlier in the week to over $21 billion, a noteworthy indication of increasing investor engagement. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":538164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,84667,1119,78790,6664,67895,54146],"class_list":["post-563471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-open-interest","tag-btc","tag-btcusdt","tag-crypto","tag-deribit","tag-open-interest"],"acf":[],"yoast_head":"\n<title>Bitcoin Bullish Surge Ahead: Deribit Predicts Major Price Leap In Early 2024<\/title>\n<meta name=\"description\" content=\"A recent analysis by Deribit, a leading derivatives exchange, suggests a bullish sentiment for Bitcoin as we approach early 2024...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Bullish Surge Ahead: Deribit Predicts Major Price Leap In Early 2024\" \/>\n<meta property=\"og:description\" content=\"A recent analysis by Deribit, a leading derivatives exchange, suggests a bullish sentiment for Bitcoin as we approach early 2024...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-02T00:01:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:01:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1282\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Bitcoin&#8217;s Bullish Surge Ahead: Deribit Predicts Major Price Leap In Early 2024\",\"datePublished\":\"2023-12-02T00:01:06+00:00\",\"dateModified\":\"2024-06-11T08:01:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/\"},\"wordCount\":520,\"publisher\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282\",\"keywords\":[\"bitcoin\",\"Bitcoin Open interest\",\"btc\",\"BTCUSDT\",\"crypto\",\"Deribit\",\"open interest\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/\",\"url\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/\",\"name\":\"Bitcoin Bullish Surge Ahead: Deribit Predicts Major Price Leap In Early 2024\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282\",\"datePublished\":\"2023-12-02T00:01:06+00:00\",\"dateModified\":\"2024-06-11T08:01:47+00:00\",\"description\":\"A recent analysis by Deribit, a leading derivatives exchange, suggests a bullish sentiment for Bitcoin as we approach early 2024...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/#primaryimage\",\"url\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282\",\"contentUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282\",\"width\":1920,\"height\":1282,\"caption\":\"Bitcoin (BTC)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin&#8217;s Bullish Surge Ahead: Deribit Predicts Major Price Leap In Early 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ktsl888.com\/#website\",\"url\":\"https:\/\/www.ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/www.ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/www.ktsl888.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Bullish Surge Ahead: Deribit Predicts Major Price Leap In Early 2024","description":"A recent analysis by Deribit, a leading derivatives exchange, suggests a bullish sentiment for Bitcoin as we approach early 2024...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Bullish Surge Ahead: Deribit Predicts Major Price Leap In Early 2024","og_description":"A recent analysis by Deribit, a leading derivatives exchange, suggests a bullish sentiment for Bitcoin as we approach early 2024...","og_url":"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-12-02T00:01:06+00:00","article_modified_time":"2024-06-11T08:01:47+00:00","og_image":[{"width":1920,"height":1282,"url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/#article","isPartOf":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Bitcoin&#8217;s Bullish Surge Ahead: Deribit Predicts Major Price Leap In Early 2024","datePublished":"2023-12-02T00:01:06+00:00","dateModified":"2024-06-11T08:01:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/"},"wordCount":520,"publisher":{"@id":"https:\/\/www.ktsl888.com\/#organization"},"image":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282","keywords":["bitcoin","Bitcoin Open interest","btc","BTCUSDT","crypto","Deribit","open interest"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/www.ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/","url":"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/","name":"Bitcoin Bullish Surge Ahead: Deribit Predicts Major Price Leap In Early 2024","isPartOf":{"@id":"https:\/\/www.ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/#primaryimage"},"image":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282","datePublished":"2023-12-02T00:01:06+00:00","dateModified":"2024-06-11T08:01:47+00:00","description":"A recent analysis by Deribit, a leading derivatives exchange, suggests a bullish sentiment for Bitcoin as we approach early 2024...","breadcrumb":{"@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/#primaryimage","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282","contentUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282","width":1920,"height":1282,"caption":"Bitcoin (BTC)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin&#8217;s Bullish Surge Ahead: Deribit Predicts Major Price Leap In Early 2024"}]},{"@type":"WebSite","@id":"https:\/\/www.ktsl888.com\/#website","url":"https:\/\/www.ktsl888.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/www.ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/www.ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/www.ktsl888.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin&#8217;s Bullish Surge Ahead: Deribit Predicts Major Price Leap In Early 2024","url":"http:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.ktsl888.com\/news\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\/"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin open interest","btc","btcusdt","crypto","deribit","open interest"],"dateCreated":"2023-12-02T00:01:06Z","datePublished":"2023-12-02T00:01:06Z","dateModified":"2024-06-11T08:01:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin&#8217;s Bullish Surge Ahead: Deribit Predicts Major Price Leap In Early 2024\",\"url\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/bitcoin-bullish-surge-ahead-deribit-predicts-leap\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin open interest\",\"btc\",\"btcusdt\",\"crypto\",\"deribit\",\"open interest\"],\"dateCreated\":\"2023-12-02T00:01:06Z\",\"datePublished\":\"2023-12-02T00:01:06Z\",\"dateModified\":\"2024-06-11T08:01:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/563471"}],"collection":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/comments?post=563471"}],"version-history":[{"count":0,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/563471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media\/538164"}],"wp:attachment":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media?parent=563471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/categories?post=563471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/tags?post=563471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}