After President Trump's statements about cryptocurrencies and the rebound in Bitcoin's price, there is growing speculation on the Deribit exchange that the price of Bitcoin could return to $100,000. The number of active positions on call options with a strike at $100,000 has increased significantly on Deribit, with a total of over $100 million invested. Deribit is a prominent market for Bitcoin options, with a total open interest of nearly $11 billion expiring at the end of the month. It is noteworthy that 66% of the open interest is in call options, indicating bullish sentiment. The recent jump in call options on Deribit suggests increasing optimism among investors, although some market inefficiencies caused by forced liquidations of leveraged short positions may need to be addressed. Some traders are betting on Bitcoin's price reaching $100,000, despite the possibility of a temporary dip below $90,000. The upcoming Crypto Summit on March 7, organized by President Trump and his administration, could influence market sentiment, although the establishment of a strategic reserve in cryptocurrencies is unlikely to be announced at the event. The addition of altcoins to the reserve could complicate the decision-making process and potentially create discontent in the crypto markets. Currently, there is skepticism about the short-term feasibility of establishing a strategic reserve, but if it were to focus solely on Bitcoin, the timeline could be shortened. Polymarket gives a 20% probability of Trump successfully establishing a Bitcoin reserve in his first 100 days, and this probability could decrease further if altcoins are included.



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