2026-01-06 10:29:52

Recently, traders' attention has once again focused on the $100,000 level for Bitcoin.

According to Deribit options data, the open interest for contracts expiring on January 30 with a strike price of $100,000 is the most concentrated, even more than twice the size of the $80,000 put options with the same expiration date. This reflects a consensus among market participants about the future trend — although the scale is not huge, the direction is clear, further consolidating the large positions established last week.

Wintermute OTC trading head Jake Ostrovskis pointed out that while the current market’s put premium still exists, it has already significantly declined. This indicates a shift in market sentiment; investors are no longer completely panicked and are instead beginning to reassess the upside potential.

Rails CEO Satraj Bambra provided a more specific technical outlook. He believes that it is possible for Bitcoin to retest the $100,000 to $106,000 range, which is a common movement within a bearish structure. However, to truly turn into an upward trend and retake new all-time highs, the key is whether the weekly chart can recover and stabilize above $106,000 — breaking through this level would be highly significant.

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MEVHunterWang

· 01-07 16:19

The $100,000 mark really needs to be well protected. --- Once again, options data speaks, it seems big players are all clear on this. --- If it can't break through 106,000, any further rise is pointless, still need to keep waiting. --- Falling put option premiums? That indicates panic selling is starting to take over, interesting. --- Feels like this wave is just building up, waiting for weekly confirmation before moving. --- The range between 10,000 and 10,600 keeps grinding, it's exhausting. --- Jake is right, market sentiment is indeed shifting, that sense of despair has faded. --- In my opinion, no matter how good the technicals look, volume has to match, otherwise it's all fake. --- This group's consensus is like this, which shows someone is indeed positioning. --- The key is whether it can break through that 10,600; if it can't, it will continue to dip.

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ShitcoinArbitrageur