Options traders position for BTC rebound to $90K

Bitcoin options traders have recently established positions targeting $90,000, a potential sign that the market is entering a stabilization phase, according to an analysis by on-chain derivatives platform Derive. The Block reported that Derive noted a shift among traders away from aggressive downside hedging in preparation for a rebound. Specifically, open interest in call options expiring on March 27 is concentrated at strike prices of $80,000 and $90,000. At the same time, significant put option positions at the $60,000 and $55,000 strike prices suggest any potential downturn would likely be a limited correction rather than a panic sell-off, the platform projected. The Block added that with over $1 billion in net inflows into spot BTC ETFs over the past three days, a rebound could unfold if macroeconomic clarity is achieved.