Bitcoin Reclaims Momentum As $100K Calls Resurface And Tariff Relief Lifts Market Mood

Bitcoin (CRYPTO: BTC) is trading 1.65% higher at $85,079.92 as of Monday morning, building on a 3% gain over the past five days and rising 3.73% over the past month. The broader crypto market appears to be stabilizing alongside equities as investors digest the White House's evolving stance on global tariffs.

U.S. stock futures rose sharply Monday, buoyed by temporary exemptions on tariffs. The relief rally extended to crypto, with Bitcoin moving above $85,000 as of early trading.

Traders Target $100K as BTC Options Market Flips Bullish

Options data tracked by CoinDesk and analytics firm Amberdata shows a shift in sentiment among Bitcoin derivatives traders. After a week of defensive positioning and heavy put option demand, the market is now swinging back toward upside speculation.

The most popular open interest position on Deribit, which accounts for over 75% of global crypto options activity, is now the $100,000 Bitcoin call option—with a cumulative notional open interest approaching $1.2 billion. The resurgence signals that large traders are again positioning for a breakout as market volatility eases.

The change to positive forecasts has balanced the options skew. The 30 to 90-day skews—which measure relative demand for calls versus puts—have all climbed back into positive territory, reflecting a decisive reduction in market panic.

BTC's price recovery from last week's lows near $75,000 comes after the Trump administration backed off some of its steepest proposed tariffs, sparing key tech imports from the immediate impact of the new levy regime. While the president later refuted the exemptions, saying affected products would be moved to a "different tariff bucket," the temporary relief was enough to ignite a cross-asset bounce in risk markets.

Macro Tailwinds Build as Bitcoin Rides Tech-Led Rally

Stock market gains are adding to bullish sentiment. Nasdaq futures were up 1.5% Monday morning, while gold continued to hold near all-time highs above $3,200 per ounce amid renewed interest in safe-haven assets. Apple, Dell, and Nvidia shares were all up sharply in premarket trading thanks to the tariff news.

Bitcoin appears to be benefiting from both macro and crypto-native tailwinds as institutional bets on a return to six-figure valuations, easing geopolitical fears, and increasing alignment with risk-on assets like tech stocks. This week's moderation in 10-year Treasury yields—now sitting near 4.45%—has also helped alleviate pressure on digital assets.

What’s Next for Bitcoin?

If the $85,000 level holds, traders may begin eyeing a run toward the $88,000–$90,000 resistance range, followed by a push to retest the all-time high of $91,000 set earlier this year. However, market participants remain alert to fresh updates from the White House, particularly on semiconductor tariffs that could trigger another round of volatility.

Despite last week's dip and lingering uncertainty around global trade policy, the strength in Bitcoin options markets and rising institutional interest in the $100K level point to growing conviction that the bull cycle is still intact.

For now, Bitcoin's rebound reflects a recalibration of investor expectations as geopolitical noise settles and the crypto market regains its footing.