- Bitcoin bulls gain momentum as $80K calls overtake $60K puts, signaling renewed trader confidence.
- Whale accumulation and ETF inflows tighten BTC supply, hinting at a potential push toward $75–$80K.
- Technical signals and steady prices above $65K show cautious optimism despite geopolitical risks.
Bitcoin traders are showing renewed confidence as bets on an $80,000 price rise take the lead. On Deribit, 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 ceasefire 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.
Whale Accumulation and ETF Inflows Support Bullish Case
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.”
Technical Trends and Key Resistance Levels
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.
Source: TradingView
Momentum indicators show some cautious optimism. MACD seems to be recovering, while the RSI is hovering at 60, indicating some buying pressure. Nevertheless, delicate geopolitical sentiments and the release of the next quarter’s U.S. GDP figures can cause short-term fluctuations.
Related: Iran Wants Hormuz Fee in Bitcoin: Will Crypto Rebound?
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