Options traders bet on bitcoin reclaiming $80,000 as inflation data steadies crypto markets steady despite Iran conflict
Bitcoin stabilized near $70,000 as options traders increasingly bet on an $80,000 rebound despite lingering macro risks from oil volatility.Summary
Bitcoin stabilized near $70,000 following a period of war-driven volatility, supported by U.S. inflation data that met expectations, though analysts remain cautious due to potential oil price shocks related to the Iran conflict.
Options market indicators show a shift away from downside hedging, with current pricing implying a roughly 35% chance of Bitcoin exceeding $80,000 by the end of June, suggesting traders believe the worst of the crypto drawdown is over.
However, conviction is mixed, evidenced by large institutional trades structured for a drop toward $65,000, highlighting ongoing macro uncertainty. Bitcoin's current resilience near $70,000, despite pressure on other assets, suggests it is acting as a hybrid, liquidity-sensitive instrument, but its path forward remains tied to oil prices, inflation readings, and the Federal Reserve's upcoming decisions.
(Source：The Block)