Key Highlights
- Bitcoin eyes $100K as options show renewed optimism, ETF inflows surge, and technical signals suggest cautious recovery for traders.
- Traders bet on Bitcoin’s rebound with $100K calls, ETFs see record inflows, and price breaks 50-day EMA, signaling growing market interest.
- Bitcoin rallies modestly as options activity rises, ETFs attract $697M, and traders weigh short-covering versus long-term bullish momentum.
Bitcoin traders are betting on a rebound toward $100,000, signaling renewed optimism after the crypto market’s late downtrend at the end of 2025. However, recent market activities suggest a potential reversal.
According to Bloomberg, open interest in Bitcoin options has concentrated heavily on contracts expiring January 30, with the $100,000 strike leading demand. As reported, notional values for these calls are more than double those for $80,000 puts, according to Deribit exchange data. This shows traders expect upside potential, even as broader investor positioning remains subdued.
Open interest across the market stands at around $31.4 billion, roughly 34% lower than its peak of October 10’s $47.8 billion, per CryptoQuant. Hence, despite new buying activity supporting the recent rally, overall exposure remains below levels seen at previous market peaks.
Options market shows optimism
Apart from the overall spot weakness, option positioning also depicts a more constructive sentiment. The 7-day 25 delta skew, which gauges premiums associated with downside protection, has gone positive, indicating a decreased requirement for downside protection. The 30-day skew remains in the negative region but approaches zero, as per Deribit.
QCP Capital noted, “Positioning has turned increasingly constructive with a reduction in put skew across all tenors and with more than 3,000 contracts of January 30, 2026 $100,000 calls purchased since last week.”
However, analysts caution that much of this demand stems from trades seeking large price moves in either direction. Consequently, some of the rebound appears driven by short-covering rather than new conviction buying.
As confirmed by Bloomberg, Jake Ostrovskis of Wintermute said, “Size isn’t enormous, but direction is consistent—and builds on the large $100,000 strike interest flagged last week.”
ETF inflows highlight renewed investor interest
In addition, the temporary recovery is also leading to notable inflows into Bitcoin ETFs. The US Spot ETFs attracted $697 million on Monday, marking the highest single-day influx since October 7. The total assets managed by ETFs are valued at $123.52 billion, accounting for 6.57% of the market cap of Bitcoin.
As per SosoValue data, the main contributors to these influxes were BlackRock IBIT, garnering $372.47 million, and Fidelity FBTC, gaining $191.19 million.
Such inflows indicate a revived interest among investors, which was last seen in heavy outflows of money following the early October market crash. The increasing price of Bitcoin is in line with the advancement of gold and technology stock markets.
Technical signals and market outlook
According to Tradingview’s 1-day chart, Bitcoin is trading at $93,479, slightly down by 0.42%, breaking above its 50-day EMA at $91,693. Yet, it remains below the 200-day EMA at $100,201, highlighting that long-term momentum still favors caution. The 50-day and 200-day moving averages usually track Bitcoin’s short- and long-term price trends, showing potential support and resistance levels.
Bitcoin’s options market is slowly bouncing back, helped by strong ETF investments and positive price signals. Traders seem more confident, but many investors are still cautious.
Also Read: Stock Price Surges as American Bitcoin Reaches 5,427 BTC
