Bitcoin options market turns bullish with $300K moonshots
Most Bitcoin options are clustering in the $100,000 to $120,000 range, with some traders betting $300,000 on moonshots.
- Bitcoin options cluster between $100,000 and $120,000, with some quiet optimism
- Some traders bet on $300,000 moonshot, unlikely but cheap
- Analysts say that positive ETF inflows are behind BTC’s bullish momentum
The Bitcoin options market is revealing bets clustered around its current price of $120,000, with speculative outliers showing demand for upside exposure. On Thursday, Oct. 2, Bitcoin options clustered around the $100,000 to $120,000 range, near the current price, data from Glassnode showed.
BTC options net premium strike heatmap | Source: Glassnode
At the same time, there was a concentration of calls at $130,000, showing that the market is trending positively. Moreover, there was also growing interest in moonshot out-of-the-money options near $300,000. While these calls are unlikely to be profitable, they are relatively cheap and reflect a growing interest in upside exposure.
Overall, the state of the options market suggests that most traders expect Bitcoin (BTC) to continue trading between $100,000 and $120,000. Light interest around $130,000, as well as moonshot bets, suggests cautious optimism.
Bitcoin options reflect positive ETF flow
The likely reason for optimism is the sustained inflow of institutional capital, both through treasury firms and ETFs. Notably, macro uncertainty, especially due to the U.S. government shutdown, has pulled capital away from stocks and benefited gold and Bitcoin.
According to analysts at B2BINPAY, institutional capital was the likely reason behind Bitcoin’s rally past $120,000. Namely, net Bitcoin ETF inflows reached $1.3 billion on Oct. 2, reflecting a broader positive trend over the past few weeks.
“Looking ahead, we expect Bitcoin to test $130,000–$140,000 in the base case supported by recovering ETF flows and easing Fed expectations. The risk remains a sharp correction back to $105,000–$110,000 if macro tightening returns,” B2BINPAY analysts.
If ETF inflows sustain momentum in the fourth quarter, it will likely signal the start of a new bullish cycle, B2BINPAY analysts told crypto.news.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wall Street giants collectively raise rate hike forecasts, US Treasury futures continue to fall, gold drops over 1% to break 4000
After the US October CPI exceeded expectations, Goldman Sachs and Nomura added a forecast for an interest rate hike in March next year, while Deutsche Bank included a forecast for a rate hike in January next year. Currently, the market has fully priced in a 25 basis point rate hike in December, with a 13% probability for a 50 basis point hike. On Wednesday, the US Treasury spot market was closed, but Treasury futures continued to fall, with corresponding yields rising by about 2 to 4 basis points, and spot gold came under pressure, dropping by 1.1%.
No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029
It takes an average of 4.8 years from finalizing investment to starting construction of a data center project, and an additional 2.6 years from construction start to becoming operational. Servers usually cannot be installed until after the building structure and racks are completed. For trade partners such as Taiwan (China), South Korea, and Mexico who rely on US data center supply chain demand, the inertia in construction timelines provides at least a one- to two-year buffer for future exports.
Federal Reserve Major Debate: When Should the Tenure of “Number Three” Williams End?
The main point of contention is whether Williams should step down in June 2028, upon completing a full 10-year term, or in June 2027, when he reaches the mandatory retirement age of 65. Analysts point out that the Federal Reserve Board holds ultimate discretion; if he leaves early, Fed Chair Waller would be able to assert greater control over the appointment to this critical position. However, forcing Williams to shorten his term could easily be interpreted as political manipulation. Williams himself is expected to serve until June 2028.
Sunshine Silver weighs doubling mill capacity
Crypto prices
More
