Traders Expect Bitcoin to Rise to $100 000 in January

Investors anticipate a rise in Bitcoin in the first month of the year.
The open interest on Deribit indicates demand for options with a strike price of $100 000.
Wintermute stated that the market no longer incorporates a negative scenario.

Traders are once again betting on a bullish move for Bitcoin and expect the asset to reach $100 000 already in January 2026. Bloomberg reports this, citing data from the derivatives exchange Deribit.

The statement says that the highest open interest in the options market is for contracts with a strike price of $100 000 and an expiration date of January 30. The nominal value of these contracts exceeds the next most popular strike — $80 000 (put) — by more than twice.

Jake Ostrowskis, head of OTC at Wintermute, explained that the market maintains interest in $100 000 and no longer expects the worst-case scenario. Greg Magadini, director of derivatives at Amberdata, believes the market is pricing in a move through $90 000 with a potential pause around $105 000.

In addition to speculative demand, market sentiment may be influenced by the overall rise in precious metals.

According to Satraj Bambra, CEO of the hybrid exchange Rails, a recovery of the first cryptocurrency to $100 000 is a realistic scenario even within a bearish trend. However, to establish a sustainable bullish movement, it is necessary to hold above $106 000 on the weekly timeframe, the analyst added.