Is Bitcoin $100,000 Goal In Jeopardy? Options Market Show Increased Downside Protection

As attention shifts to altcoins, Bitcoin (BTC) has experienced a pause in the uptrend that has characterized the past month. Currently trading 3.8% below its record high of $99,540, questions are raised about the sustainability of this growth and the possibility of a correction as the year draws to a close.

Investors Flock To Ethereum And XRP

Chris Newhouse, director of research at Cumberland Labs, pointed out that while strong institutional buying pressure persists—particularly from companies like MicroStrategy, which continues to accumulate Bitcoin—there is a noticeable shift in capital flows.

Newhouse noted that the broader crypto ecosystem is experiencing a “diversification of capital flows” from both institutional and non-institutional participants.

This diversification indicates that as Bitcoin stabilizes, investor interest is increasingly shifting to other digital assets, including Ethereum (ETH) and XRP, which had previously lagged behind Bitcoin.

Following the victory of President-elect Donald Trump, who has emerged as a crypto advocate, expectations for more favorable US regulations have risen. This has contributed to the massive rally in the XRP price, which has seen a 400% increase in the monthly time frame.

This optimism is also reflected in the record monthly net inflows into Bitcoin and Ethereum exchange-traded funds (ETFs) in November, which reached $6.5 billion and $1.1 billion, respectively. Bloomberg data shows that last Friday marked an all-time high for daily Ether ETF subscriptions.

$2 Billion Silk Road Bitcoin Moved To CoinbaseIn the options market, there has been a noticeable increase in downside protection for Bitcoin at later expiries this month. Meanwhile, BTC futures have exhibited moderate leverage, remaining relatively subdued after Bitcoin surpassed the $99,000 mark.

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