Bitcoin options signal renewed push towards $100K

Bitcoin options traders are positioning for a potential move back to the $100,000 level following a sharp sell-off late last year.

Bloomberg data shows open interest is concentrated in call options expiring on January 30 with a $100,000 strike price.

These call contracts hold more than double the notional value of the next most popular position, which is $80,000 put options for the same expiry.

The shift reflects growing optimism after bitcoin fell 24% in the fourth quarter of 2025, when demand for downside protection surged.

Bitcoin prices have stabilised since then, rising as much as 3.6% on January 5 to trade near $94,800, the highest level in almost a month.

The rebound has been supported by renewed inflows into crypto investment products after weeks of sustained outflows.

Bitcoin exchange-traded funds recorded $697 million in inflows on January 5, following $471 million in inflows on January 2.

Ether exchange-traded funds also saw inflows of $174 million and $168 million on January 2 and January 5 respectively.

The inflows follow an early-October crash that erased around $19 billion in digital asset value in a single day.