Bitcoin News, Crypto News
Bitcoin’s Journey to $80,000 Driven by Positive Derivatives Trends
Oct
Forecast for Bitcoin to Reach $80,000 Amid Bullish Derivative Trends
The Bitcoin derivatives market is exhibiting signs that could propel BTC prices beyond $80,000 by the end of 2025, driven largely by political dynamics surrounding a potential Trump victory.
Analysts from a prominent crypto exchange suggest Bitcoin (BTC) could surpass the $80,000 threshold, citing favorable structures within the derivatives markets. This sentiment is notably influenced by the upcoming U.S. elections, as the options market indicates heightened interest.
“Recent positioning in the options market has shown a marked increase in call open interest for end-of-year options. Specifically, the December 27th expiry and calls with an $80,000 strike price have gained considerable attention.”
Recent Momentum in Bitcoin Prices
As of October 28, Bitcoin has crossed the significant psychological barrier of $70,000 for the first time since June 10, now just a few percentage points away from its all-time high above $73,800.
Market participants are eagerly watching for signals that might ignite Bitcoin’s historic post-halving rally, with the upcoming U.S. presidential elections potentially playing a critical role.
Impact of U.S. Elections on Bitcoin ETF Inflows
The anticipation surrounding the elections is also translating into increased optimism for Bitcoin exchange-traded funds (ETFs), which may further boost Bitcoin prices.
On October 28, U.S. Bitcoin ETFs recorded over $479 million in net positive inflows — marking the second consecutive day above $400 million, according to data from Farside Investors.
Significant Inflows into Bitcoin ETFs
The past 12 trading days saw Bitcoin ETF inflows exceeding a total of $4 billion. Natae Geraci, president of ETF Store, noted:
“Throughout the last 12 trading days, spot BTC ETFs accumulated nearly $4 billion. For perspective, less than 10% of the over 3,800 existing ETFs have total assets of $4 billion.”
Geraci also highlighted that BlackRock’s IBIT ETF accounted for more than $2.6 billion of these recent inflows.
Nearly All Bitcoin Holders Are Profitably Positioned
Adding to the positive sentiment in the crypto space, close to 99% of Bitcoin holders are currently recording profits with BTC trading above $71,000.
As of October 29, more than 97.6% of Bitcoin holders are in the profit zone, as reported by CryptoQuant.
However, it’s worth noting that the last time over 97% of Bitcoin’s supply was in profit occurred on June 5, before a notable drop from above $71,100 to below $56,000 within a month.