Bitcoin Reclaims $106,000 on U.S. Funding Deal Optimism Amid Mixed Options Flow and OG Sell Pressure

Bitcoin advanced to around $106,000 after testing sub‑$100,000 support, a move highlighted by market chatter from QCP Capital that the U.S. funding deal could unlock renewed demand. The bounce occurs despite persistent OG selling pressure and ongoing ETF outflows, signaling robust order-book depth rather than a short‑cover rally.

On the options front, call butterfly positions point to optimism, yet call spreads signal resistance to a new peak. While LAT activity has cooled, its influence on market psychology remains meaningful, reflecting underlying liquidity resilience in the current cycle.

Strength above $100,000 has eased speculative pressure on traditional markets, yet analysts warn that a move beyond roughly $118,000 could rekindle OG selling pressure. The action underscores deeper market depth and a more durable liquidity backdrop compared with earlier cycles.