Bitcoin’s $80,000 level seems to have changed the pulse of the market. Judging by the biggest whale moves and options positions on Deribit, investors are making serious bets on this level. The call option with an $80,000 strike price is currently the most popular trade, with open interest of over $1.6 billion. It’s interesting to see that this has replaced the dominance of the $60,000 put options seen over the past few weeks—the bullish outlook has clearly shifted.

According to on-chain data, the largest whale wallets holding over (10.000 BTC) recorded net inflows this week. Seeing a move like this in just the 2nd week is a signal of substantial accumulation beyond ETF demand. If this continues, a supply squeeze could occur in the $75,000–$80,000 range. Technically, BTC is also approaching the trend line drawn from the $126,000 level in October. This is a critical area—if it breaks, a rapid move toward $100,000 is possible; otherwise, there is a risk of dropping below $65,000.

The geopolitical side also appears supportive right now. The temporary ceasefire between Iran and the US has pulled down oil prices, easing inflation expectations and boosting hopes for Fed rate cuts. A good environment has formed for risk assets. But be careful—the ceasefire is fragile, and any escalation could trigger a quick retracement. Today, the GDP data will be released, which could shake short-term volatility.