【BlockBeats】Bitcoin options market has recently sent an interesting signal — traders have refocused their attention on the 100,000 USD round number. As the volatile fluctuations in the crypto market from late last year gradually stabilize, investor optimism is also steadily recovering.
According to data from a leading derivatives trading platform, bitcoin options open interest is most densely concentrated at the 100,000 USD strike price expiring on January 30. The notional value of this contract is more than double the second most popular option (80,000 USD strike price, put option expiring on the same date). This obvious data skew reflects the market participants’ level of attention to this price level.
Over-the-counter market analysts point out that while the scale cannot be described as particularly large, the direction is very clear — this is a continuation based on the 100,000 USD large positions that already appeared last week. From the current shape of the options curve, put premium still exists but has softened noticeably. This indicates the market is no longer so pessimistic, no longer expecting worst-case downside scenarios, and the overall sentiment is gradually stabilizing.
This contrasts sharply with the situation during the crypto market crash in late last year. At that time, the spot market was continuously selling off, and investors used expensive put options to hedge downside risks, with protective premiums skyrocketing.
From a technical perspective, industry professionals believe that bitcoin retesting the 100,000 to 106,000 USD range is not surprising. For technicals to truly turn bullish, the key is whether bitcoin can firmly hold 106,000 USD on the weekly timeframe, after which it may have the potential to challenge all-time highs again. These key price levels have become important observation points for the short-term market.
ビットコインオプショントレーダーが10万ドルの節目に再注目、市場のセンチメントが徐々に回復
【BlockBeats】Bitcoin options market has recently sent an interesting signal — traders have refocused their attention on the 100,000 USD round number. As the volatile fluctuations in the crypto market from late last year gradually stabilize, investor optimism is also steadily recovering.
According to data from a leading derivatives trading platform, bitcoin options open interest is most densely concentrated at the 100,000 USD strike price expiring on January 30. The notional value of this contract is more than double the second most popular option (80,000 USD strike price, put option expiring on the same date). This obvious data skew reflects the market participants’ level of attention to this price level.
Over-the-counter market analysts point out that while the scale cannot be described as particularly large, the direction is very clear — this is a continuation based on the 100,000 USD large positions that already appeared last week. From the current shape of the options curve, put premium still exists but has softened noticeably. This indicates the market is no longer so pessimistic, no longer expecting worst-case downside scenarios, and the overall sentiment is gradually stabilizing.
This contrasts sharply with the situation during the crypto market crash in late last year. At that time, the spot market was continuously selling off, and investors used expensive put options to hedge downside risks, with protective premiums skyrocketing.
From a technical perspective, industry professionals believe that bitcoin retesting the 100,000 to 106,000 USD range is not surprising. For technicals to truly turn bullish, the key is whether bitcoin can firmly hold 106,000 USD on the weekly timeframe, after which it may have the potential to challenge all-time highs again. These key price levels have become important observation points for the short-term market.