BTC News: $100K Bitcoin Call Options Signal Bullish Sentiment Ahead of Trump’s Inauguration

Bitcoin traders are betting big on a rally to record highs following President-elect Donald Trump’s Jan. 20 inauguration. Recent activity in the options market highlights strong expectations for BTC to surpass $100,000, with calls at $100,000 and $120,000 striking renewed interest on Deribit.Key HighlightsHigh-Stakes Options Trade:A trader on Deribit purchased $6 million worth of $100,000 strike call options expiring on March 28, signaling confidence in Bitcoin breaking new highs soon after Trump takes office.Record Open Interest:The $120,000 call option has emerged as the most popular choice, amassing a notional open interest of $1.52 billion, reflecting bullish sentiment for prices to climb beyond that level.BTC Price Recovery:Bitcoin has rebounded 8% from its Dec. 30 low of $91,384, trading above $99,500 as of press time, according to CoinDesk and TradingView data.Market Analysis and ExpectationsBullish Momentum Post-Inauguration:Greg Magadini, director of derivatives at Amberdata, noted that Trump's inauguration could introduce policies and announcements favorable to Bitcoin, providing a "prime-time" catalyst for upward price movement.Pro-Crypto Regulatory Climate:Analysts from CF Benchmarks foresee the possibility of reduced enforcement risks and streamlined compliance under a restructured SEC led by pro-crypto regulators. These changes could foster innovation and enhance investor confidence.Short-Term Volatility Risks:While regulatory frameworks are expected, potential delays or policy shifts could temper optimism, leading to market volatility, CF Benchmarks warned.Bitcoin's Path to $100KBitcoin's rally, fueled by expectations of pro-crypto regulations under the Trump administration, has already pushed prices from $70,000 to over $108,000 since early November. However, profit-taking and hawkish Federal Reserve policies have slowed momentum in late December.What to Watch NextMarket Reaction to Inauguration:BTC traders anticipate bullish catalysts stemming from Trump’s administration, particularly pro-crypto regulatory announcements.Key Price Levels:Breaking the $100,000 psychological level is critical to confirming the rally, with $120,000 as the next major resistance.Policy Developments:Market sentiment remains tied to clarity on regulatory frameworks, with any delays potentially causing short-term pullbacks.Bitcoin’s potential for record highs hinges on a combination of pro-crypto policies, regulatory clarity, and market momentum as the inauguration approaches. With traders betting big on options, the stage is set for a volatile yet promising start to 2025 for Bitcoin, according to CoinDesk.