Bitcoin options traders refocus on the $100,000 level as market sentiment gradually warms up

2026-01-06 09:22:12

【Blockchain Rhythm】An interesting signal has recently emerged in the Bitcoin options market—traders’ focus is once again returning to the $100,000 level. As the intense volatility in the crypto market at the end of last year gradually subsides, investors’ optimism is also slowly rebounding.

According to data from a leading derivatives trading platform, open interest in Bitcoin options expiring on January 30 with a strike price of $100,000 is the most concentrated. The total notional value of these contracts is more than twice that of the second most popular options (put options with an $80,000 strike price expiring on the same day). This clear data skew reflects the market participants’ attention to this price level.

Analysts in the OTC market point out that while the scale is not particularly large, the direction is very clear—this is a continuation of the large positions at $100,000 that appeared last week. From the current shape of the options curve, put skew still exists but has softened significantly. This indicates that the market is no longer as pessimistic and no longer expects the worst-case downside scenario, and the overall sentiment is gradually stabilizing.

This stands in stark contrast to the situation during the crypto market crash at the end of last year. At that time, spot markets were continuously selling off, and investors used expensive put options to hedge downside risk, causing the implied volatility to surge.

On the technical side, industry insiders believe that Bitcoin testing the $100,000 to $106,000 range again is not surprising. For the technical outlook to turn truly bullish, the key is whether Bitcoin can hold above $106,000 on a weekly chart, after which it may have the chance to challenge new all-time highs. These key price levels have become important short-term market watchpoints.

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DAOdreamer

· 01-09 07:00

Is $100,000 really that powerful? Always stuck here, come on.

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TokenVelocityTrauma

· 01-07 07:24

The 100,000 level is a key point, both bulls and bears are betting there, and the capital concentration is so high... it's a bit dangerous. --- The put premium is still there, indicating that some market participants are still afraid, not as optimistic as it seems on the surface. --- Another wave of capital games around integer levels, it's always like this every year. Who is really cutting whom? --- Why is the options stacking so intense? It feels like setting a trap, gotta be careful. --- The smart money is probably in the 80,000 puts, with so many contracts at 100,000, it seems like a gathering place for bagholders. --- The strike prices are concentrated to this extent, no matter how the expiration date goes, some people are bound to get hammered. Interesting. --- Market sentiment warming up? No way, it's just capital repositioning. Don't be fooled. --- The 100,000 integer level itself easily attracts retail investors; the good-looking data is just superficial. --- Even analysts say the scale isn't big, so where does this signal come from? --- The existence of the premium indicates there are still bears, and this is the real market.

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RooftopReserver

· 01-06 18:38

The 100,000 mark is going to be a rollercoaster again, really.

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TokenRationEater

· 01-06 09:52

100,000 is really a psychological barrier, but I don't think the bulls are that aggressive yet, and the put premium is still there. --- Another 100,000... Can it really break this time? Feels like I've said it a hundred times. --- Accumulating data is indeed interesting, but the scale isn't that big. Don't overinterpret it. --- With such a clear tilt in contract positions, are the bears still defending? Feels a bit like there's not much buying momentum. --- The volatility at the end of last year has now settled, but is this rebound real or a trap? We need to see how things develop. --- The put volume at 80,000 is only half, indicating the market is still a bit nervous. --- The 100,000 mark has been a hot topic for so long, I think it's the real pressure level, not support.

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ZKSherlock

· 01-06 09:50

actually... the skew here is way more interesting than the headline suggests. everyone's obsessed with 100k but like, if you actually parse the put premium dynamics, market's still hedging downside pretty aggressively ngl. the concentration at that strike tells you more about behavioral anchoring than genuine conviction tbh.

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ReverseFOMOguy

· 01-06 09:48

$100,000 is coming again. Can it really break through this time? Feels like I've been saying it many times already, haha.

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CryingOldWallet

· 01-06 09:46

$100,000 is coming again? Last week it was stacked here, and this time they are adding more. It seems that big players are confident about this level.

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CoffeeOnChain

· 01-06 09:31

100,000 is starting to attract people again. Is this really happening this time, or is it just another false alarm?

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