2026-01-06 10:25:45

Recently, the open interest data in the Bitcoin options market has been quite interesting—contracts with a strike price of $100,000 expiring on January 30th show a significant concentration of open positions at this level. This volume is more than twice that of the $80,000 put options expiring on the same day, indicating that the market's attention to this price level is quite high.

What does this reflect? According to data from a compliant trading platform's derivatives department, traders' sentiment is indeed shifting. There are voices in the OTC trading circles saying that although put option premiums still exist, they have softened considerably—no longer as pessimistic as before. This suggests that the market is beginning to ease concerns about extreme declines.

Compared to the situation at the end of last year, the difference is quite significant. Back then, the spot market was in a frenzy of selling, and the cost of protection via put options was prohibitively expensive. Now, the overall atmosphere is noticeably different, with investors' mindset gradually shifting from panic to watchfulness.

An executive from a trading platform directly stated that retesting the $100,000 to $106,000 range is possible. Although no one can say exactly how high it will go, the layout of the options market suggests that traders are preparing for this rebound. This signal is definitely worth paying attention to.

BTC0,99%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

21 Likes

Reward
21
7
Repost
Share

Comment

0/400

NeverPresent

· 15h ago

A 100,000 position is so obvious, it seems the market maker is quietly building a position. The data on the strike price doesn't lie; the sentiment is indeed not as hopeless anymore. That wave of selling at the end of last year was really frightening. Now that things have calmed down, it feels different. Is this rebound coming? I need to get ready to buy in. The softening of the put premium is just a signal; funds are waiting for the right moment to enter. $100,000 might be a psychological barrier; breaking through could mean a breakthrough. Options data speaks for itself; traders are gearing up. From panic to watchfulness, the turning point is right here. Those who positioned themselves early with $100,000 might see a breakout this time.

View OriginalReply0

VitalikFanboy42

· 01-06 10:55

A price of 100,000 dollars really has some substance, feels like a rebound is coming? I believe in the softening of the put premium, honestly the panic atmosphere before was a bit exaggerated. Are traders all waiting at 106,000? Alright, I'll also stay on guard. This data is really worlds apart from the end of last year, I'm much more stable now. Who says you can accurately predict the exact high point? Anyway, following the options strategy is the right move.

View OriginalReply0

MeaninglessApe

· 01-06 10:55

Is the $100,000 level only becoming popular now? It should have been seen at the end of last year. Now that the sentiment has eased a bit, people think it can rebound... Are retail traders' options data interesting? The real market has long been set. Softening of put option premiums = people are no longer so timid, but don't overestimate the rebound potential. Options positioning sounds nice, but honestly, it's still gamblers laying the groundwork. I only trust spot volume.

View OriginalReply0

AlphaLeaker

· 01-06 10:54

The $100,000 threshold is indeed significant; options data doesn't lie. --- Put premium softening? It indicates that big players are starting to cut losses. The previous panic atmosphere is indeed dissipating. --- From frantic selling to now observing, the market sentiment is changing quite quickly. Is the rebound ready? --- Traders are positioning themselves between 100,000 and 106,000, clearly betting on a rebound. The signals are worth watching. --- Last year's massive sell-off was truly outrageous. Now, the reaction in the options market shows that the sentiment has changed. --- The high concentration of options positions indicates that the market has a consensus at a certain price level. It's a pretty interesting game. --- The shift from expensive protective puts to now softening reveals more than just the price itself.

View OriginalReply0

DaoGovernanceOfficer

· 01-06 10:48

empirically speaking, the data here is interesting but let's not oversell the narrative—options positioning ≠ actual conviction. the put skew softening could just be liquidation dynamics, not some grand sentiment shift. kinda reminds me of that 2021 funding rate nonsense everyone hyped as "bullish."

Reply0

GasWastingMaximalist

· 01-06 10:28

Wow, this data is interesting. The bullish interest of $100,000 is so high, it feels like someone is quietly positioning themselves. It seems the market sentiment is really softening; the days of panic selling are probably over. In the range of 100,000 to 106,000, I bet it will retest once. Let's see a rebound first before making any moves. By the way, why does the put premium fade so easily? Be careful not to get caught on the wrong side. Options data really reveals some insights. I believe traders are betting on a rebound, but it only counts if it can actually rally.

View OriginalReply0