Bitcoin surpasses $121K and Ether hits highest level since late 2021, demonstrating resilience
by VT Markets
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Aug 11, 2025
BTC/USD has climbed over US$121,000, showing strong growth in the cryptocurrency market. Bitcoin is on an upward trend, fueled by increased interest that is pushing its value higher.
This momentum signals a positive shift in Bitcoin trading, with a noticeable rise in demand. The increase in Bitcoin’s value highlights growing market activity and possible opportunities in digital currencies.
Bitcoin has moved back above the key US$121,000 mark, which is a strong indicator for the market. This rise represents nearly a 15% increase since late July 2025. The entire cryptocurrency space is experiencing positive momentum, pointing to broad market strength.
For those trading futures, this trend suggests keeping or starting long positions. We are noticing that perpetual futures funding rates have consistently turned positive, now averaging around 0.02% across major exchanges. This shows traders are confident that prices will keep rising.
Options traders may find it appealing to buy call options to take advantage of further gains. The data shows that open interest for September 2025 US$130,000 and US$140,000 strike prices has jumped over 40% in just a week. While implied volatility is high, it hasn’t reached the extreme levels of the 2024 bull market, indicating there might still be room for growth.
A more cautious strategy is to sell out-of-the-money put options to earn premiums. With solid support near the US$115,000 level, selling puts below this price could be a smart way to generate income. This strategy benefits from rising prices and time decay, but traders should be aware of the risk of a sudden drop.
Looking back at the market after the 2024 halving can provide insights. After a period of consolidation lasting several months, we saw a surge in late 2024 that led to new all-time highs. This historical pattern suggests that the current movement may be the beginning of a stronger upward trend.
by VT Markets
Aug 11, 2025
Insights 
VT 
