Options Traders Bet Big on Bitcoin's Next Move Above $90,000

Bitcoin traded near $83,238 on September 30 as options traders increasingly bet on a move above $90,000. The popular strike prices among options traders were $95,000 and $100,000.

The recent uptick in Bitcoin's price comes amidst a streak of eight consecutive days with net inflows into exchange-traded funds (ETFs). On September 29 alone, these funds recorded $31 million in inflows.

While the short-term sentiment for Bitcoin may be weaker, demand for upside exposure remains active according to this positioning. This indicates that investors are optimistic about Bitcoin's potential despite current market fluctuations.