Bitcoin (BTC) and the broader cryptographic market have seen a notable bullish change in the last 24 hours, promoted by the announcement of President Donald Trump of the five tokens that he hopes to include in the strategic crypto of crypto crypto for a long time ago.
That has revived the interest of investors in the purchase options that are quoted in abandonment or bullish bets at the level of $ 100,000, according to the data source of data.
BTC, the leading cryptocurrency by market value, has earned almost 10% in 24 hours, reaching a maximum of more than $ 95,000 at one point, as shown by Coindesk data. Other chips that Trump named – Eth, XRP, Sol and Ada – obtained more significant profits.
On Sunday, Trump announced in Truth Social that he has addressed the presidential work group that advances in a cryptographic strategic reserve that includes XRP, Sol and Ada, with Bitcoin and Ether in the heart of the reserve. The market welcomed this news with enthusiasm, especially given the disappointment between the actors of the industry due to the lack of rapid action in the promised reserve since Trump assumed the position on January 20.
Now, all this episode is seen as evidence of the “Trump put” in cryptography, which suggests that the Trump administration will intervene to support the market in turbulent times, as well as the Fed is known to be done by values markets.
“Today, Trump said there is a Trump in Crypto. This is good enough for a trend change, particularly since BTC exploded through the resolution with the feeling among many at all times,” said the merchant and analyst Alex Kruger in X.
Kruger said that BTC has restored $ 89,000 and $ 92,000 as a key support level and that operators can “support with confidence with clear levels of invalidation below.”
Josh Gilbert, Etoro Market Analyst, shared a similar opinion in an email to Coindesk, saying: “Given the president’s adherent interests, it seems that this is something that investors may need to get used to; sales of this nature could continue to be supported in the future.”
In this context, there has been a renewed activity in the $ 100K strike call, indicating that operators bet on higher price gains despite continuous volatility. A purchase option gives the buyer the right to buy the underlying asset at a predetermined price on a specific date or before, thus offering the buyer an asymmetric upward exhibition.
The data tracked by Amberdata shows open interest or the number of active positions in the $ 100K call has increased by 1,163 contracts (with a value of more than $ 100 million), the largest amount of all options listed in Deribit.
“$ 100K will be the level that everyone is watching within the week,” said Greg Magadini, director of Amberdata derivatives, in an email. “It’s next [week][ will have interesting “Buy the rumor / Sell the news” dynamics around the March 7th crypto summit.
The renewed bias for calls, in general, is also evident from the recovery in the short-term skews, which measure the implied volatility premium (demand) for calls relative to puts.
The biases of seven, 30 and 60 days have bouncing at zero and more, significantly from deep negative readings since Friday when merchants pursued protective sales options.
“People like to buy calls and sell positions when the market bounces,” said Consk, Lin Chen’s commercial development manager.
There are still challenges
Some observers are concerned that progress in the encryption reserve can be slower than expected.
“Nothing new here. Only words. LMK When they get the approval of the Congress to ask for money I revalue the highest gold price. Without that, they have no money to buy Bitcoin and Shitcoins,” Arthur Hayes, investment director and co -founder of Maelstrom Fund, said in X, reacting to Trump’s announcement.
Several others, including the CEO of Bybit, Ben Zhou, share a similar opinion.
“The feeling we are seeing following the federal announcement of the US Crypto Reserve The sales of the Zerocap digital assignment firm, he said in an email to Cointersk.
“While institutions can hurry, unclear regulations and macroeconomic conditions could determine if this rally adheres,” Hiriart said, adding that the approach will now be at the Crypto summit of the White House on March 7, which could provide more details about the Crypto reserve.
