Options Market Bullish Bets Increase on Expectations of Quantitative Tightening Reduction... Bitcoin Likely to Break $100,000

# Bitcoin's Rally Stalls, But Bullish Bets Surge in Options Market New York -- Bitcoin has given up the gains it secured earlier this week, influenced by the Federal Open Market Committee (FOMC) meeting, and is once again showing a stagnant trend. However, bullish bets on Bitcoin have surged in the options market, according to a report by CoinDesk on March 21. At the FOMC meeting that concluded Wednesday, March 19, the Federal Reserve announced it would not lower interest rates but would reduce the pace of its quantitative tightening (QT) starting in April. Singapore-based QCP Capital interprets this as a potential signal of an indirect interest rate cut. Consequently, the options market has seen an increase in bets on Bitcoin's price rise. Dr. Shaun Dawson, Head of Research at the on-chain options platform Derive.xyz, stated via email to CoinDesk that "The probability of Bitcoin surpassing $100,000 by June 30 has risen from 20% to 30% within the last 24 hours." He added, "The probability of Ethereum maintaining a price above $2,000 by the end of June has increased to 50%, up from 40% the day before, making it akin to a coin toss." According to Dr. Dawson, about 60% of Ethereum options traded on Derive.xyz in the past 24 hours were call options (bets on price increase), reflecting strong bullish sentiment. On the other hand, for Bitcoin, 34% of the total trading volume consisted of put options (bets on price decrease), indicating that investors are also preparing for potential downside risks. Meanwhile, Alex Kuptsikevich, an analyst at foreign exchange brokerage FxPro, emphasized the importance of monitoring Bitcoin's $80,000 support level, maintaining a cautious outlook. He stated via Telegram, "The total market capitalization of the cryptocurrency market is currently unable to surpass the 200-day moving average of approximately $2.9 trillion. A strong breakout above this level could trigger significant buying momentum, but there is also the risk of falling into traps set by sellers based on historical patterns." Kuptsikevich added, "It is crucial for Bitcoin to hold this key level. If it does, buying interest could return to the altcoin and meme coin markets, which have recently experienced a correction."