Bitcoin options traders are poised for a rally towards $100,000 following a sharp decline in late 2025. Improving inflows into crypto investment products and expansion of the risk-on market are contributing to the recovery in confidence.
Options Market Reiterates Bitcoin Optimism
Bitcoin derivatives traders are increasingly betting the world's largest cryptocurrency could revisit the $100,000 level after the sharp decline that ended last year.
According to Bloomberg, data shows that open interest in Bitcoin options is concentrated around contracts expiring on January 30th with a strike price of $100,000. These call options contain more than twice the notional value of the next most popular position, a put option with the same expiration and $80,000 strike price. This positioning suggests traders are looking ahead to the fourth-quarter selloff and another rally.
This change marks a clear shift from late 2025, when Bitcoin fell 24% in the quarter. During this period, demand for downside protection soared, causing put option premiums to rise sharply.
After that, prices have stabilized. Bitcoin rose as much as 3.6% on January 5, trading near $94,800, its highest level in almost a month. This recovery is supported by new inflows into crypto investment products.
On January 5th, the Bitcoin ETF vehicle recorded inflows of $697 million. This was followed by an inflow of $471 million on January 2nd. Similarly, the Ether ETF saw inflows of $174 million and $168 million on January 2 and January 5, respectively. This comes after the sector suffered sustained outflows during the early October crash, which wiped out around $19 billion in digital asset value in a single day.
Cryptocurrency's improving tone reflects strength across other asset classes. Gold rose to record highs, while stock markets rose on gains in tech stocks, reinforcing the broader risk-on environment.
read more: Bulls knock on the door of a big breakout, Bitcoin tops $93,000
Still, analysts are urging caution as Bitcoin has failed to maintain key technical standards in recent months, often leading to sharp declines and liquidations. Options data suggests a relatively quick pass through the $90,000 range and the next potential consolidation zone is around $105,000. Whether the rally expands further may depend on whether speculative funds fully return to the crypto derivatives market.
Frequently asked questions 📈
• Why are Bitcoin options traders aiming for $100,000 again?
The increased interest in call options with a strike price of $100,000 indicates that upside expectations are rising again.
• What has changed after the Bitcoin crash in late 2025?
Price stability and the influx of new crypto funds have improved market confidence.
• How is the broader market impacting Bitcoin sentiment?
A risk-on backdrop in the stock market and record gold prices support optimism.
• What supports Bitcoin's sustained rise?
Analysts say Bitcoin needs to regain and sustain $106,000 for a definitive turn to bullishness.
