Eyes Turned to the Crypto Summit: Preparations Complete for Strong Rise in Bitcoin! - Coin Bulletin

As the Bitcoin derivative market is moving with expectations towards the possible statements from the White House crypto summit, traders have rapidly started to increase their positions.

In the cryptocurrency market, all eyes are now on the White House Crypto Summit following the executive order signed by US President Donald Trump in the early hours of the morning. With Trump's decision, a Strategic Bitcoin Reserve (SCR) has been established using the Bitcoins held by the federal government without creating additional costs.

After the decree, the price of Bitcoin (BTC) initially showed an increase, but it dropped shortly due to the lack of new purchases. At the moment, the price of Bitcoin has entered a recovery process again.

Investors are taking risks ahead of the summit

According to analysts, there has been a significant increase in activity in the derivative markets ahead of the potential announcements coming from today's summit. Renowned crypto derivative trader Gordon Grant emphasized that after Bitcoin tested the $82,000 level in recent times, there has been a continuous buying pressure in the market, leading to an increase in the open position amount(open interest) and funding rates with the increase in leveraged positions.

Grant used the expressions 'We see a more stable and persistent buying pressure in the recent price movements. This situation occurred with the increase in liquidity in derivative markets and the strengthening of leveraged positions'.

Record volatility in the options market

On the other hand, there is also a noticeable increase in the options markets. The implied volatility in option contracts has reached very high levels. Volatility in overnight options has risen to %90, in one-week options to %70, and in contracts expiring at the end of March to %60. These data indicate that investors are prepared for significant price movements.

Julio Moreno, Chief Research Officer at CryptoQuant, stated that futures market traders' expectations have changed. Moreno pointed out that the funding rates for futures, which were negative before Trump's Strategic Bitcoin Reserve (SCR) decision, turned positive after the decision, indicating that the market entered a bullish expectation phase before the peak.

Moreover, 'The change in Bitcoin futures open positions from negative 22,800 levels to positive 10,800 levels in the last 24 hours.' This clearly indicates that the market holds strong expectations for the peak and traders are ready for an upward price movement.

All these indicators suggest that market players expect significant price movements due to announcements from the White House. Decisions to be made at the summit will be crucial for the short and medium-term direction of the market.