Bitcoin’s $80,000 bull bet just took over the market
Why it matters: Bitcoin's price could rally toward $100,000 by June, driven by over $1.6 billion in options bets and whale accumulation.
- Bitcoin's $80,000 call option has overtaken the $60,000 put as the most popular trade on Deribit, with over $1.6 billion in open interest, signaling strong bullish sentiment.
- Whale accumulation is on the rise, with wallets holding over 10,000 BTC recording rare net inflows for only the second week in 2026, pointing to a potential supply squeeze, according to Paul Howard of Wincent.
- A fragile Iran ceasefire has cooled oil prices, easing inflation concerns and strengthening the case for Federal Reserve rate cuts, which typically supports risk assets like Bitcoin.
- Analysts at 21Shares, including Matt Mena, see scope for Bitcoin to reach $100,000 by the end of June if geopolitical tensions ease and regulatory clarity improves, supported by over $1.5 billion in net inflows into BTC ETFs and a 6% increase in holdings by larger investors since the start of the year.
- Bitcoin (BTC) is currently testing a major trendline, and a breakout could trigger a rally toward $100,000 by June, though risks remain from the ceasefire's fragility and upcoming U.S. Q4 GDP data.
Bitcoin is experiencing a significant bullish shift, with whales and options traders betting on a surge toward $80,000, fueled by a fragile Iran ceasefire that has cooled oil prices and raised hopes for Fed rate cuts. This optimism is reflected in the $80,000 call becoming the most popular trade on Deribit and rare net inflows into large Bitcoin wallets, suggesting a potential supply squeeze and a rally toward $100,000 by June.
