Bitcoin Options focus on $100,000-$120,000 Range, Some Eye $300,000
Bitcoin options are mostly centered around the $100,000 to $120,000 range. Some traders are even betting on a $300,000 price, though it’s a long shot.
Data from Glassnode shows that on October 2, Bitcoin options were heavily focused on this price range. There’s also a growing interest in options at $130,000. This suggests the market is optimistic about Bitcoin’s future.
some traders are placing bets on Bitcoin reaching $300,000. while this is unlikely, these options are cheap and show a growing interest in potential gains.
Analysts believe that the positive flow of money into Bitcoin ETFs is driving this bullish sentiment. The U.S. goverment shutdown has also pushed capital away from stocks and towards Bitcoin.
B2BINPAY analysts say that if ETF inflows continue in the fourth quarter, it could signal the start of a new bullish cycle for Bitcoin.
However, there’s a risk of a sharp correction back to $105,000-$110,000 if macroeconomic conditions tighten.
the options market suggests that most traders expect Bitcoin to stay between $100,000 and $120,000. The interest around $130,000 and the moonshot bets show a cautious optimism.
