Svmuu News As market sentiment warms up, the Bitcoin options market is showing a clear shift. Call options with a strike price of $80,000 on Deribit have become the most popular trade, with open interest exceeding $1.6 billion, surpassing the previously dominant $60,000 Put options (open interest approximately $1.41 billion).
Analysis suggests that the recent phased ceasefire between the US and Iran has driven oil prices down, easing inflation expectations and potentially strengthening market expectations for a Federal Reserve rate cut, which would benefit risk assets including Bitcoin. Asset management firm 21Shares stated that against the backdrop of continuous ETF inflows and increasing institutional holdings, if geopolitical tensions ease and the regulatory environment improves, Bitcoin could potentially challenge $100,000 by the end of the second quarter. However, risks remain in the market. The current ceasefire situation is fragile; if the Middle East conflict escalates again, a rebound in oil prices could dampen market risk appetite, thereby limiting Bitcoin's upside potential. (CoinDesk)