Bitcoin just broke above $81,000 in Asian trading this morning, and it seems the options market price level is ready for further gains. I see it reaching its highest level since late January, rising from $79,000 last night. Over the past week, BTC has increased about 3% and is now at $81.27K with fairly solid momentum.

There’s something interesting about the behind-the-scenes options price strategy. Traders have been quietly building cheap call upside positions, hoping Bitcoin will continue to rise gradually. Now, with the breakout above $80K, the previously negative risk-reward indicator is expected to turn positive. This is the first signal that the options market is truly optimistic.

Other currencies are moving mixed. Ethereum remains steady at $2.34K, Solana up 2% to $95.22, Dogecoin gaining 1.9% to $0.11, and XRP up 2.8% to $1.46. BNB is at $655.60. Although US-Iran geopolitical tensions are ongoing and US employment data will be released this weekend, the options market seems to be positioning itself for further upward movement. All central banks maintained their interest rates yesterday, keeping market conditions on the current track.

Oh, and Strategy just bought 535 Bitcoin last week at an average of $80,340 per coin. Their shares are up 1% in pre-market. So institutional buying momentum is still here.