Bitcoin traders bet on a rally above $80,000

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin traders bet on a rally above $80,000 Many traders expect bitcoin to recover toward the $80K level between June and September, Derive said. By Omkar Godbole Mar 11, 2026, 5:02 a.m. Make us preferred on Google What to know : Options pricing now implies roughly a 35 percent chance that bitcoin will trade above $80,000 by the end of June, signaling a sharp shift toward bullish sentiment. Measures of options skew have rebounded from deeply negative levels in February to around plus 10 percent, indicating traders are dialing back crash hedges and expecting more stable or rising prices. A surge in put writing across venues suggests traders are increasingly willing to take on downside risk for premium as bitcoin trades near $70,000, up about 5 percent for the month. Sentiment in the bitcoin BTC $ 70,102.76 market has flipped bullish and traders are betting on a rally above $80,000, with traders positioning for a rally above $80,000. That's the message from decentralized exchange offering on-chain trading in crypto futures and options. "Current options pricing shows roughly a 35% probability that BTC will reach above $80K by the end of June," Nick Forster, founder of on-chain options platform, Derive.xyz, told CoinDesk in an email. "Combined with the recovery in skew, this activity suggests many traders expect bitcoin to recover toward the $80K level between June and September." Options are derivative contracts that let you bet on BTC prices moving up or down, but with a inbuilt safety net that ensures you lose only a small upfront fee, not your whole account, if the bet fails. It's akin to buying a lottery ticket. A call lets you bet on price rallies, while a put lets you bet on price dumps. The latter is, therefore, seen as a protective hedge. Traders typically track options skew – that telltale pricing gap between calls and puts – to sniff out where the market's leaning. Calls pricier than puts indicates Bullish tilt, while put premium suggests otherwise. BTC's skew recovers Bitcoin's seven day and 30-day skews have clawed back to -6% from the -25% panic lows in early February, when BTC cratered toward $25,000. The shift signals traders dialing back on protective puts – less crash hedging, more steady nerves. "Despite earlier fears of a catastrophic crash of the crypto markets, derivatives markets suggest those concerns may have been overstated. BTC skew – a key measure of sentiment in options markets – has rebounded sharply from around -25% (normalized by at-the-money implied volatility) to roughly +10% today, signaling a significant shift away from aggressive downside hedging," Forster said. Skews based on leading centralized options exchange Deribit paint a similar picture. According to Forster, put shorting (writing) has surged across venues in recent days, a sign that traders are willing to take on downside risk in exchange for premium, which is consistent with expectations of stabilizing or rising prices. At press time, bitcoin changed hands near $70,000, up nearly 5% for the month, according to CoinDesk data. Bitcoin News Bitcoin Options More For You Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race By CoinDesk Research Feb 27, 2026 Commissioned by Pudgy Penguins CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events. What to know : Disrupting a Stagnant Market : Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product. 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