Bitcoin’s reputation as a shield against economic and political turmoil is gaining traction, according to a new report by QCP Capital.
The trading firm highlighted a noticeable surge in bullish options activity last Friday, signaling rising investor confidence in further Bitcoin price gains.
Specifically, traders snapped up more than 500 contracts betting on Bitcoin hitting $104,000 by May 30 and over 800 contracts targeting $135,000 by late June. QCP analysts pointed out that this level of call option interest suggests expectations of continued upside.
Unlike previous speculative-driven rallies, QCP emphasized that the current Bitcoin uptrend appears rooted in solid macroeconomic concerns — particularly rising geopolitical tensions and mounting uncertainty around global monetary policies.
Bitcoin’s recovery has been impressive, recently climbing back above $95,000. The asset’s behavior has increasingly mirrored that of traditional safe-haven assets like gold, fueled by consistent inflows into Bitcoin ETFs.
The growing demand for bullish Bitcoin options also coincides with broader market instability, as investors react to trade tariffs, shifting central bank strategies, and election-year volatility by turning to decentralized assets.
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