Bitcoin rallies as Trump’s pro-crypto policies stir optimism ahead of inauguration.
$120K BTC call options dominate Deribit, with $1.52B in open interest.
Analysts predict a Wyckoff accumulation pattern fueling a potential uptrend.
Bitcoin market sentiment has reached a fever pitch as traders anticipate pro-crypto shifts once Donald Trump assumes the presidency on January 20th. Investors are betting on a historic rally that could catapult prices to $120,000 or beyond.
High-Stakes $100K Bitcoin Call Signals Expectation for Record Price Jump After Trump's Inauguration 
On Saturday, a trader on crypto exchange Deribit spent over $6 million to purchase the $100,000 strike call options set to expire on March 28, according to data source… pic.twitter.com/KQiICcB89h
— Amberdata (@Amberdataio) January 6, 2025
With Bitcoin trading near $101,810, exchanges like Deribit have seen a surge in interest for the $120k BTC call option, now at $1.52 billion. Greg Magadini, director at Amberdata, suggested that bullish momentum may be driven by policy announcements and favorable sentiment surrounding Trump’s crypto stance.
Technical Analysis: Two Potential Sce…
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