Bitcoin’s $80K Call Surges, Signaling Bullish Turn
Bitcoin traders are showing renewed confidence as bets on an $80,000 price rise take the lead. On , the $80,000 call — a wager that Bitcoin will climb past that level — has overtaken the $60,000 put, which dominated recent months. Open interest at $80,000 now exceeds $1.6 billion, compared with $1.41 billion for $60,000 puts.
As of writing, Bitcoin has bounced back above $70,000 after dropping near $67,000 earlier in the week to trade at $71,013.34, according to CoinMarketCap data. Experts have made a point that a temporary U.S.-Iran helped ease oil prices, which in turn could reduce inflation worries.
Therefore, lower inflation expectations might encourage the Federal Reserve to cut interest rates, creating a more favorable environment for risk assets like Bitcoin.
On-chain data shows that wallets holding more than 10,000 BTC saw net inflows for only the second week of 2026. “This points to whale accumulation rather than ETF-driven demand,” said Paul Howard, senior director at Wincent. If this buying continues, it could tighten supply and push Bitcoin toward $75,000–$80,000.
At the same time, analysts at 21Shares note that over $1.5 billion has flowed into BTC ETFs, while large investors have increased their holdings by about 6% since January.
Matt Mena, crypto strategist at 21Shares, said, “A move toward $100,000 by the end of Q2 cannot be ruled out if geopolitical tensions ease and regulatory clarity improves.”
Bitcoin is approaching a long-term downward trendline that has blocked rallies for months, according to Bitcoin’s daily chart. A failure to move above this line could keep the market bearish, while a strong break might signal a reversal.
Prices have been holding above $65,000, showing reduced volatility and hinting that a bigger move could be coming.
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Momentum indicators show some cautious optimism. MACD seems to be recovering, while the RSI is hovering at 60, indicating some buying pressure. Nevertheless, delicate sentiments and the release of the next quarter’s U.S. GDP figures can cause short-term fluctuations.
