Options Traders Bet on $80,000 Bitcoin as Inflation Cools

Edgen Crypto

·Mar 11 2026, 17:43

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Key Takeaways

Following the release of favorable inflation data for February, options traders are demonstrating strong conviction that Bitcoin's price will continue its ascent. A significant volume of trades is now targeting the $80,000 strike price, signaling heightened bullish sentiment and setting the stage for potential market volatility.

Bitcoin options traders are increasingly betting on the cryptocurrency's price reaching an $80,000 strike price.
The renewed optimism follows the release of cooling February inflation data, which has steadied broader financial markets.
This concentration of call options could lead to a gamma squeeze, potentially accelerating a price rally as dealers hedge their positions.

Traders Target $80,000 Bitcoin Strike After Inflation Data

Options market data reveals a significant increase in bullish wagers on Bitcoin, with traders heavily targeting the $80,000 strike price. This wave of optimism follows the release of cooling inflation figures for February, which has bolstered investor confidence in risk assets. With macroeconomic headwinds appearing to ease, market participants are positioning for Bitcoin to reclaim and surpass its previous all-time highs. The focus on such a high strike price indicates that many traders are not just anticipating a minor increase but a substantial continuation of the current uptrend.

Market Structure Points to Potential Gamma Squeeze

The clustering of options activity around the $80,000 level creates a notable risk of a "gamma squeeze." This market dynamic occurs when a rising spot price forces dealers who sold call options to buy the underlying asset—in this case, Bitcoin—to hedge their growing exposure. This forced buying pressure can create a positive feedback loop, rapidly accelerating the price rally as it approaches the key strike price. While the outcome is not guaranteed, the current options positioning has primed the market for a period of heightened upward volatility should Bitcoin's momentum continue.