Traders are now targeting Bitcoin at $100,000.

BTC options with a strike price of $100,000 have reached a total volume of nearly $1.2 billion.

On Friday, April 11, the U.S. presidential administration announced the exemption of key tech products, such as smartphones, from the 125% tariff on China, as well as from the baseline 10% duty. However, just a few hours later, Donald Trump denied the report and clarified that the tariff would be 20%.

Against this backdrop, Bitcoin continued its recovery. At the moment, the leading cryptocurrency is trading around ~$84,800.

The current shift in market sentiment toward expectations of price growth is reflected in the demand for derivatives. The indicator has moved into positive territory, above zero, after being deeply negative just a week ago.

Call positions are concentrated in the $95,000–$120,000 range. At the same time, some large investors are already opening long positions in Bitcoin for up to $200 million.

As one investor stated: “A trade war leading to capitulation and the emergence of the Trump Put is the perfect combination for Bitcoin to break out of its multi-month downtrend.”
 

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