Options Traders Bet Big on Bitcoin Reaching $100,000

Bitcoin's options market is seeing increased bets on a rise above $90,000 as demand for call options with strike prices of $90,000, $95,000, and $100,000 grows.

The current price of Bitcoin is around $83,238, but institutional fund flows are showing improvement, with spot Bitcoin exchange-traded funds logging net inflows for an eighth straight trading day.

This influx of capital suggests that investors remain optimistic about the cryptocurrency's future value, despite short-term sentiment towards Bitcoin weakening.