Bitcoin Traders Eye $95K in the Short Run; SUI Maintains Upward Momentum

Bitcoin’s Price Surge

Bitcoin (BTC) has been trading above $93,000, reflecting a positive sentiment among traders for upcoming short-term profits.

“With BTC holding firmly above $90K, sentiment is becoming increasingly optimistic,” said QCP Capital via Telegram. “Call options at $95K strikes for end-April and end-May expiries have dominated flow, pointing to a tactical appetite for further upside.”

Key Takeaways:

Traders expect Bitcoin to exceed $95,000 by late April or May based on call options.
Sui Network’s SUI has skyrocketed over 62% weekly, with total value locked exceeding $1.6 billion.

After a burst of trading activity, Bitcoin has stabilized post-rally, with minor fluctuations in the market.

Call options are contracts allowing the buyer to purchase an asset at a predetermined price before expiration. A surge in call option trading indicates expectations for Bitcoin’s price to surpass $95,000 soon.

The firm also cautioned that, while macroeconomic risks appear lower and trade tensions ease, Bitcoin may trade within a $90K–$94.5K range as market confidence builds toward the coveted $100K level.

Among other coins, XRP and BNB remained stable, while Solana recorded a modest increase of 2%.