Deribit Exchange Sees $1.45 Billion Bet on Bitcoin Hitting $100,000 by January 2026 as Altcoins Rally in Tandem
Bitcoin traders have kicked off 2026 with aggressive bets targeting a six-figure price breakthrough. Deribit, the leading crypto options exchange, reports surging interest in $100,000 call options for January expiries, with open contracts jumping 420 BTC ($38.08 million) in 24 hours. The notional open interest for these contracts now stands at $1.45 billion, signaling strong conviction among derivatives traders.
Altcoins are mirroring Bitcoin's bullish momentum, creating a broad-based crypto market rally. Wintermute strategist Jasper De Maere notes concentrated activity around the 30 January 100K calls, with flow dynamics dominated by position rolls rather than new entries.