Bitcoin derivatives market turns bullish, traders bet on BTC surging past $80,000

March 11 News: Bitcoin market sentiment has recently improved significantly. Derivatives trading data shows that more and more traders are betting that BTC will break through the $80,000 mark in the coming months. As bullish positions gradually increase, the options market is signaling an upward bias.

Nick Forster, founder of on-chain options platform Derive.xyz, said that based on current options pricing models, the probability of Bitcoin surpassing $80,000 before the end of June 2026 is about 35%. At the same time, the rebound in the options skew indicator also indicates a shift in market expectations, with some traders believing BTC may retest the $80,000 region between June and September.

In derivatives trading, options contracts allow investors to bet on Bitcoin price movements. Call options are mainly used to predict price increases, while put options are often used as risk hedging tools. Market participants typically gauge overall market sentiment by observing the price difference between call and put options.

Data shows that the 7-day and 30-day Bitcoin options skew indicators have rebounded sharply from around -25% in early February to about -6%. At that time, BTC price briefly approached $25,000, triggering market panic. As the indicator recovers, it suggests traders are reducing defensive put options, easing concerns about downside risk.

Nick Forster pointed out that the options market sentiment indicator has recovered from previous extreme bearish levels and is gradually shifting toward neutral or even bullish territory. Meanwhile, recent trading activity shows a significant increase in selling put options, indicating some traders are willing to accept potential downside risk in exchange for options premium income, which is often seen as a sign of expectations for price stability or upward movement.

Currently, Bitcoin is close to $70,000, with a total increase of about 5% this month. Analysts believe that if bullish sentiment in the derivatives market continues to build and spot market liquidity recovers, Bitcoin may face a new directional choice in the coming months, with the $80,000 level becoming a key target for traders.