Bitcoin Price Prediction: $1.7B Options Bet Targets $100K Rally But No New ATH

Massive $1.7 billion Bitcoin options positioning indicates strong institutional belief in BTC reaching $100,000, though traders appear cautious about surpassing previous all-time highs. Current market analysis reveals sophisticated hedging strategies as major financial players accumulate Bitcoin derivatives while implementing protective puts. This substantial options activity reflects growing institutional adoption in cryptocurrency markets, with Bitcoin dominance strengthening amid evolving regulatory clarity and ETF approvals. Market sentiment remains cautiously optimistic as open interest reaches record levels across major exchanges including CME and Deribit.