Bloomberg: Option Traders Reload Bets on Bitcoin Rising to $100,000 by January

BlockBeats News, January 6th, according to Bloomberg, the Bitcoin options market shows that traders are now turning their attention back to the $100,000 price level. With the market sentiment turning bullish, investors are expected to rotate back to cryptocurrency assets after the fourth-quarter crypto market crash.

According to data from Deribit, a derivatives trading platform under Coinbase Global Inc., the Bitcoin options market is most concentrated on contracts expiring on January 30th with a strike price of $100,000. The notional value is more than twice that of the second most popular option contract (with a strike price of $80,000 and expiring on the same day for put options).

Jake Ostrovskis, Head of OTC Trading at Wintermute, said: "While the scale is not huge, the direction is consistent—this is built on top of the large $100,000 strike position seen last week. There is still some put skew visible from the current curve, but it has softened significantly. Therefore, I believe the market no longer anticipates the most pessimistic downward trend, and the situation seems to be slightly stabilizing."

This marks a significant difference in market sentiment from the crypto crash of late 2025, when the spot market continued to sell off, and the downside protection premium, presented in the form of expensive put options, soared.

Satraj Bambra, CEO of the hybrid trading platform Rails, believes: "Retesting the $100,000 to $106,000 range is not out of the question; this is quite common in bearish structures. For Bitcoin to turn bullish, it needs to reclaim and hold above $106,000 on a weekly timeframe to attempt to challenge the previous all-time high."