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Telegraph report: $13 million worth of BTC call options buying signals a bullish move in the first quarter
Movements of institutional funds attracting attention in the cryptocurrency market. According to a report by Telegraph, analysis by Jake Ostrowski, Head of OTC Trading at Wintermute, revealed that as of January 8, a staggering $13 million has flooded into Bitcoin call options. This rapid influx of funds may not be just market speculation but could also reflect a clear intention by institutional investors.
Massive Buying Concentrated in the $98,000–$100,000 Range
What’s particularly interesting in the options market is the range of strike prices where funds are flowing in. Call options targeting the $98,000 to $100,000 range are becoming the focus of buyers. This price zone has long been considered a psychological resistance level for Bitcoin. The fact that institutional players are making investment decisions assuming a breakout within this range suggests they are anticipating a significant rally in the first quarter.
Bitcoin Price Outlook for Q1: Rising Scenario Emerges
Market insiders cited by Telegraph believe that this kind of large-scale options inflow is typically a key indicator of traders’ directional price forecasts. Currently, Bitcoin’s latest price hovers around $87,780, leaving approximately 14% upside potential to challenge the $100,000 mark. The fact that institutional investors are pouring funds into this target suggests a possibility that supply and demand conditions could remain strong from the start of the year.
Going forward, movements in this call options market will serve as a useful indicator for Bitcoin’s price trajectory. For options holders, the price progress during the first quarter is expected to be a critical turning point.