Bitcoin $80k bullish bets heat up, market bets on trend reversal resonating with rate cut expectations

As market sentiment improves, the Bitcoin options market is showing a clear shift, with call options at an $80k strike price 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 phase ceasefire between the US and Iran has driven oil prices down, easing inflation expectations, which may strengthen market expectations for a rate cut by the Federal Reserve, thereby benefiting risk assets including Bitcoin. Asset management firm 21Shares stated that, against the backdrop of continuous ETF fund inflows and increased institutional holdings, if geopolitical tensions ease and regulatory environment improves, Bitcoin could potentially surge to $100k by the end of the second quarter. However, risks remain, as the current ceasefire situation is fragile; if Middle East conflicts escalate again, a rebound in oil prices could suppress market risk appetite, thereby limiting Bitcoin's upside potential. $BTC
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