Bitcoin Futures Smash Six-Figure Mark on Deribit

Bitcoin futures on Deribit have rocketed past the six-figure milestone, with contracts for March, June, and September 2025 trading well above $100,000. This surge underscores the market’s strong bullish outlook and the anticipation of sustained upward momentum in Bitcoin’s price.

The March 28, 2025, futures contract currently trades at $101,992, marking a nearly 5% premium over the spot price of $97,200. Longer-dated futures show even higher optimism, with June and September contracts priced at $104,948 and $107,690, respectively. This steep futures curve highlights expectations of Bitcoin holding or exceeding six figures throughout 2025.

Further supporting this sentiment, Deribit’s BTC options market reflects robust demand for $100,000 call options, boasting a notional open interest exceeding $2 billion. This activity signifies confidence among traders about Bitcoin’s ability to remain in the six-figure range.

In contrast, shorter-term futures expiring in December 2024 are still trading below $100,000, as are futures on institutional-focused platforms like the CME. This disparity may point to differing timelines for bullish expectations between retail-focused and institutional markets.