PANews reported on December 6 that according to Cointelegraph, the price of Bitcoin broke through the $100,000 mark yesterday, setting a new record high. This rise has triggered a surge in demand in the futures market, and the annualized premium of Bitcoin's two-month futures has reached 20%, the highest level in 8 months.
The rally may be driven by multiple factors, including US President-elect Trump's nomination of crypto-friendly Paul Atkins as SEC chairman, Russian President Vladimir Putin's praise of Bitcoin's censorship-resistant properties, and Federal Reserve Chairman Jerome Powell's statement that Bitcoin is a direct competitor to gold. In addition, MicroStrategy's possible inclusion in the Nasdaq 100 index further increased the market demand for Bitcoin.
Options market data shows that professional traders are confident that Bitcoin will continue to rise. Since December 2, Deribit's call options open interest has been 48% higher than put options.
