An analyst highlights limited short-term upside for Bitcoin traders following unexpected market shifts driven by the SBR twist.
According to a crypto expert, the absence of “concrete actions” from the Bitcoin Strategic Reserve has caused options traders to reduce their near-term positive view.
According to a cryptocurrency expert, the Trump administration’s executive order to assess a digital asset stockpile rather than a Bitcoin-specific Strategic Reserve has reduced Bitcoin’s short-term optimistic outlook.
“The market sees limited upside for the asset in the short term, likely due to the absence of a specific BTC reserve announcement,” onchain options protocol Derive founder Nick Forster stated in a Jan. 25 research report obtained by Cointelegraph.
Traders see limited short-term upside
Forster noted Derive platform’s “staggering” 83.3% of Bitcoin options contracts on Jan. 24 as “calls sold” – when traders sell call options expecting Bitcoin’s
BTC$100,411 price to stay the same or decline..
“The market will not buy in unless actual, actionable actions are taken, such as the establishment of a national reserve,” he stated.
On Jan. 23, US President Donald Trump issued an executive order establishing a working group on digital asset markets. The group aims to establish US leadership in the crypto business and evaluate the formation of a strategic national digital asset stockpile.
Bitcoin traders’ disappointment could stall price
It caused debate in the Bitcoin community. Along with this, Ripple advocates for a US multi-coin strategic reserve rather than one centered primarily on Bitcoin.
According to Forster: “Traders were expecting concrete actions, not vague promises, and the market is now making it clear that hype alone isn’t enough to drive lasting impact.”
Bitcoin currently trades at $105,100, according to CoinMarketCap statistics. The price is currently 3.8% lower than its recent all-time high of $109,000.
Filbfilb, a long-time trader and analyst, recently told Cointelegraph that he does not believe Bitcoin is trading above $100,000 because people expect the Strategic Bitcoin Reserve would happen immediately.
Filbfilb believes there is a credible case that Bitcoin might reach $180,000 in 2025, an amount he considered in early 2023.
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