While Bitcoin flirts with the key psychological threshold of $ 100,000, derivative traders watch closely for the signals that could mark the last step and are already positioning themselves for what can follow.
Gordon Grant and Joshua Lim derivative experts told Beincrypto that Bitcoin’s overtaking beyond $ 100,000 now reflects a long-term maintenance strategy, unlike speculative trading seen when he crossed this threshold after Trump’s electoral victory.
Bitcoin approaches $ 100,000: another type of ascent?
At the time of the press, the price of Bitcoin oscillates just below $ 98,000. As it grows, traders look forward to exceeding the threshold of $ 100,000. When this is the case, it will be the second time in the history of cryptography that this will happen.
According to the merchant of Gordon Grant cryptocurrency derivatives, the current movement around six digits does not have the euphoric energy of past rallies, such as the one after Trump won the American general elections last November. However, it can be a good thing.
“This current rebound feels much more a discreet and lethargic restoration of these summits,” said Grant in Beincrypto, referring to the recovery of Bitcoin of more than $ 75,000 in early April. “The Rinsedown positioning through all key mobile mediums … was a good wash.”
He added that this washing, a lower net movement which eliminated weak hands, cleared the bridges for a healthier rebound. A “high -speed rebound” followed, as Grant formulated.
“”[It] Since then, has slowly slowed down the $ 95,000 pivot- a level at which Bitcoin is centered, +/- 15%, for more than five months now, “he added.
In the opinion of Grant, this opens the way to Bitcoin to obtain a larger and durable climb through the $ 100,000 mark. This could lead its price to the peak of $ 110,000 which it affected at the time of the American inauguration earlier this year.
However, he also underlined several key components which must be aligned on the derivative market so that Bitcoin launches above.
Content volatility: a key ingredient for the next Bitcoin push
For Bitcoin to reach unprecedented levels, volatility must remain in check.
Volatility measures the extent and speed of Bitcoin price changes. A bullish scenario promotes stable prices or gradually increasing compared to wild oscillations.
According to Grant, traders who sell options on the volatility of Bitcoin now have a calmer behavior than during the January prices rally.
“The current complacency among flight sellers in the discoloration of the technical threshold at $ 100,000 is clearly different,” he said.
Grant added that in December, in December, volatility increased on the expectations of a quick blow to $ 130,000 to $ 150,000. Now, however, implicit volatility has actually dropped by about 10 points during the 10% finals of Bitcoin’s rise – an unusual dynamic that punished traders holding options out of money that bet on large price oscillations.
This time, the substantial loss of market optimism also contributes to the situation.
The rise of institutional buyers
The feeling of the market has evolved considerably since January. The excitement observed in Trump elections was replaced by uncertainty. According to Grant, the Macro-Conditions of Quimencance such as equity sales focused on prices and the growing prudence of traders contributed to this change of mood between the markets.
“While the BTC during the first launch to $ 100,000 was accompanied by euphoria on presidential policies … The replenishment was spoiled by discomfort,” said Grant.
In short, the motivation to buy can now be more motivated by fear than greed.
Joshua Lim, co-chief of the Falconx markets, agreed with this analysis, highlighting a notable change in the main source of the Bitcoin demand.
“The dominant account is more around microstrategy type actions accumulating Bitcoin, they are more coherent buyers than retail swing traders,” Limpryptto told.
In other words, more speculative retail purchases could have fueled enthusiasm earlier than Bitcoin price reaching $ 100,000. This time, the most coherent and important purchases come from large companies adopting a long -term Bitcoin maintenance strategy, similar to that adopted by Michael Saylor’s strategy.
The recent training of 21 capital, supported by mega companies like Tether and SoftBank, also confirms this change in motivation.
Constant institutional purchases can also maintain an increase in the price of bitcoin over time.
Why are institutions more and more optimistic about Bitcoin?
With an increasing momentum of sovereign players and corporate treasury bills, institutional purchases can be essential to support the next ascending trajectory of Bitcoin.
Grant stressed that developing countries seeking to move away from a dollar in weakening and to a more independent asset as Bitcoin could play an important role. If that should happen, it would mean a potentially tectonic change to global monetary policy.
“The world South, tiring of the policies of the wobbly and inconsistent dollar, may really think of dumbering dollars for the BTC,” said Grant, clarifying, “this is a reserve manager decision, not a lever specification / effect position”.
Increased institutional adoption reinforces the idea that Bitcoin is now used a way to reduce risk against problems relevant to financial systems, such as inflation or devaluation of money.
Meanwhile, more companies consider Bitcoin as an asset of the legitimate treasure.
“The proliferation of SMLR, 21CAP and many others, including the NVDA, deciding that they must desert their assessments by restarting on the BTC – even as the highest price of all time approaches,” said Grant as proof.
In simple terms, even large institutions choose to take the risk of bitcoin price fluctuations as a potential compensation for other potentially larger financial risks.
Despite the excitement surrounding the Bitcoin approach at $ 100,000, real anticipation focuses on its continuous development as a increasingly permanent component of the financial system.
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