Bitcoin's $80k call open interest exceeds $1.6 billion, with the market betting on a trend reversal resonating with rate cut expectations.

DeepFlowTech · 2026-04-09T11:44:47+00:00

The Bitcoin options market is showing signs of a shift, with the $80k call options becoming the most traded, with open interest exceeding $1.6 billion. Analysis indicates that the US-Iran ceasefire helps reduce inflation expectations and boost expectations for interest rate cuts, which is positive for risk assets like Bitcoin. 21Shares predicts that if geopolitical tensions improve, Bitcoin could surge to $100k by the end of the second quarter, but if conflicts in the Middle East escalate again, its upward potential will be limited.

DeepFlowTech

2026-04-09 11:44:47

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Deep Tide TechFlow News, April 9th, according to CoinDesk reports, as market sentiment warms, the Bitcoin options market is showing a clear shift, with call options with an exercise price of $80k on Deribit becoming the most popular trade, with open interest exceeding $1.6 billion, surpassing the previously dominant $60k put options (with open interest of about $1.41 billion). Analysts believe that the recent phased ceasefire between the US and Iran has driven oil prices down, easing inflation expectations, which may strengthen market expectations for the Federal Reserve to cut interest rates, thereby benefiting risk assets including Bitcoin.

In addition, asset management firm 21Shares stated that with continuous ETF fund inflows and increasing institutional holdings, if geopolitical tensions ease and regulatory environments improve, Bitcoin could potentially hit $100k by the end of the second quarter. However, risks remain; the current ceasefire situation is fragile, and if conflicts in the Middle East escalate again, a rebound in oil prices could suppress market risk appetite, thereby limiting Bitcoin’s upward potential.

BTC1.18%

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