Bitcoin 100k Price Rally 2026: Why Traders are Betting on a Six-Figure Surge

A $1.45 billion bet is on the table. Bitcoin (BTC) traders are kicking off 2026 with an aggressive push toward the elusive $100,000 mark. Having already climbed 5% in the first five days of the year, the cryptocurrency briefly touched $93,000, fueling optimism that a six-figure breakout isn't just possible—it's imminent.

Analyzing the Bitcoin 100k Price Rally 2026

Data from Deribit, the world's leading crypto options exchange, shows a massive concentration of interest in the $100,000 strike price for the January 30 expiry. These call options, which give buyers the right to purchase BTC at a set price, represent a high-conviction wager that the rally has more room to run.

• The $100,000 call option is the most popular bet on the platform, with a notional open interest of $1.45 billion.
• Contracts for the January expiry alone account for $828 million of that total.
• Open interest in this specific strike grew by 420 BTC (approx. $38.8 million) in just the last 24 hours.

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The market's internal mechanics are also turning bullish. QCP Capital notes that perpetual funding rates on Deribit have jumped above 30%. This suggests that dealers are now 'short gamma' to the upside, meaning a sustained move above $94,000 could trigger forced hedging flows, effectively pouring gasoline on the price rally.