Bitcoin Bulls Eye $100K as Market Sentiment Hits Fever Pitch

Bitcoin’s recent surge to a one-month high of $93,756 has ignited extreme bullish sentiment among investors, with derivatives data pointing to growing confidence in a push toward $100,000. The Put/Call Open Interest ratio of 0.59 reflects overwhelming optimism, as traders pile into call options betting on further upside.

Bitcoin Bulls Aim for $100K, Sentiment Analysis Reveals High Optimism

Bitcoin has surged by 6.33% over the past day, hitting a one-month high of $93,756. Investor sentiment is extremely bullish, with the Put/Call Open Interest ratio at 0.59, indicating 1.7 call contracts for every 1 put contract. This translates to $19.3 billion in Call Open Interest compared to $11.5 billion in Put Open Interest. Additionally, options interest has increased by $2.2 billion within a day, marking the highest monthly high. Bitcoin bulls are aiming for $100K, but market dynamics will determine if this goal is achievable.

Arthur Hayes Predicts $200K Bitcoin Due to Treasury Buybacks

Bitcoin could experience a historic rally, with Arthur Hayes, former BitMEX CEO, forecasting a price climb to $200,000. Hayes argues that a U.S. Treasury maneuver, known as large-scale bond buybacks, will unleash a wave of dollar liquidity, propelling BTC past $110,000. This prediction comes amid various market-moving events, but Hayes believes the real catalyst is the U.S. Treasury’s buyback program, where the government issues new debt to repurchase older, less liquid bonds. While this isn’t outright money minting, Hayes suggests it can indirectly fuel liquidity.

Bitcoin Long-Term Holders Accumulate as Short-Term Traders Capitulate

Bitcoin has surpassed the $90,000 mark, benefiting long-term holders more than short-term holders. According to CryptoQuant data, a divergence is emerging between the two groups. Long-term holders are quietly increasing their positions, while short-term holders are offloading assets due to fear and uncertainty. This setup could serve as a constructive base for future price recovery in Bitcoin.

Crypto Market Surges, Sentiment Shifts to Greed

The cryptocurrency market is staging a robust comeback, with total capitalization surging 6.4% to $2.95 trillion in just 24 hours. This rally, fueled by broader financial market tailwinds, has pushed digital assets back to critical threshold levels. Market sentiment has pivoted decisively toward greed—the Crypto Fear & Greed Index now reads 72, its highest level in weeks. Bitcoin leads the charge, testing resistance near $94,000 as institutional and retail investors pile in. Other major tokens are mirroring BTC’s upward trajectory in a synchronized market advance. Trading volumes across top exchanges including Binance and Coinbase are expected to spike as volatility returns. "When Bitcoin moves, the entire ecosystem wakes up," said one Singapore-based hedge fund manager, speaking on condition of anonymity. The renewed momentum marks a sharp reversal from last month’s doldrums, though some analysts warn the rally remains vulnerable to macroeconomic crosscurrents.

Bitcoin Price Rallies with Increased Institutional Demand

Bitcoin’s price has been extending gains, trading above $94,000 on Wednesday. The BTC rally has gathered momentum as trade war fears ease following US President Donald Trump’s downplaying of tensions with China. Institutional demand appears to support BTC’s recent price rally, with US spot Exchange Traded Funds (ETFs) recording an inflow of $936.43 million on Tuesday. Additionally, CME futures exposure has climbed to 140,000 BTC, with premiums exceeding 9% for the first time since January 22. Bitcoin’s two-day rally of 9.75% this week has been significant, and the premium has exceeded 9% for the first time in three months.

Bitcoin ETFs See Large Inflows as Safe Haven Demand Grows

U.S. spot Bitcoin exchange-traded funds (ETFs) have experienced a significant surge in institutional interest, recording their largest single-day net inflows since mid-January. On April 22, total inflows reached $936 million, according to SoSoValue. This surge follows a weekend of stability in the broader crypto market and comes amid weakening confidence in traditional assets, persistent inflation concerns, and geopolitical strain. All 10 Bitcoin ETFs registered positive flows, with Ark Invest and 21Shares’ ARKB leading the way with $267.1 million in inflows. Fidelity’s FBTC and BlackRock’s IBIT also saw significant inflows of $253.8 million and $193.5 million, respectively. These gains contributed to a cumulative three-day net inflow of over $1.4 billion.