{"id":24675,"date":"2026-08-26T14:21:29","date_gmt":"2026-08-26T14:21:29","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2026\/08\/26\/bitcoin-traders-bet-2-9-million-on-a-break-above-82000-nft-plazas\/"},"modified":"2026-08-26T14:21:29","modified_gmt":"2026-08-26T14:21:29","slug":"bitcoin-traders-bet-2-9-million-on-a-break-above-82000-nft-plazas","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2026\/08\/26\/bitcoin-traders-bet-2-9-million-on-a-break-above-82000-nft-plazas\/","title":{"rendered":"Bitcoin Traders Bet $2.9 Million on a Break Above $82,000 – NFT Plazas"},"content":{"rendered":"

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Bitcoin\u2019s latest surge<\/span><\/a> has traders making increasingly aggressive bets that the rally has further to run.<\/span><\/p>\n

On Monday, one or more traders bought 2,000 Bitcoin call-option contracts with an $82,000 strike price expiring Sept. 4, according to Laevitas. The position cost about $2.9 million in premiums.<\/span><\/p>\n

The trade is a straightforward bullish bet: Bitcoin needs to rise above $82,000 before expiration for the options to become profitable. If it stays below that level, the buyers could lose the entire $2.9 million premium.<\/span><\/p>\n

The bet comes after an explosive week for Bitcoin. BTC has <\/span>risen roughly 25% <\/b>in seven days, climbing from around $64,000 to above $80,000, according to CoinDesk data.<\/span><\/p>\n

Several factors have helped drive the move, including the U.S. Treasury\u2019s bond-buyback announcement, continued demand for spot Bitcoin ETFs and a wave of short liquidations that accelerated the rally.<\/span><\/p>\n

Bitcoin Traders Bet $2.9 Million on a Break Above $82,000<\/span><\/i><\/p>\n

ETF demand keeps growing<\/b><\/h2>\n

The latest move has been supported by more than short covering.<\/span><\/p>\n

U.S. spot Bitcoin ETFs recorded <\/span>$337.56 million<\/b> in net inflows on Aug. 24, extending their streak to six consecutive trading days, according to SoSoValue. More than $2.5 billion has flowed into the funds during that period.<\/span><\/p>\n

That is important because last week\u2019s breakout was partly driven by a large short squeeze. Around $3 billion in crypto short positions were liquidated, forcing bearish traders to buy back Bitcoin and pushing prices higher.<\/span><\/p>\n

Short squeezes can provide a powerful initial spark, but they eventually fade as leveraged shorts are cleared out. Sustained ETF inflows, by contrast, represent fresh demand that can continue supporting the market.<\/span><\/p>\n

Bitcoin ETF assets have climbed to about $98.56 billion from $78.67 billion a week earlier, helped by both inflows and the rise in BTC\u2019s price.<\/span><\/p>\n

The durability of the rally may therefore depend on whether that demand continues after the initial surge loses momentum.<\/span><\/p>\n

Total Bitcoin Spot ETF Net Inflow (USD) (Source: <\/span><\/i>Coinglass<\/span><\/i><\/a>)<\/span><\/i><\/p>\n

Options market remains cautious<\/b><\/h2>\n

Despite the large bullish call purchase, the broader options market is not showing complete confidence in a straight-line rally.<\/span><\/p>\n

Laevitas data<\/span><\/a> shows Bitcoin\u2019s seven-day options skew falling to<\/span> -5.17%<\/b> from <\/span>+2.36%<\/b>. Negative skew generally indicates stronger demand for downside protection, as traders pay relatively more for puts.<\/span><\/p>\n

Ethereum\u2019s seven-day skew has also turned negative, falling to -12.15% from +3.41%.<\/span><\/p>\n

Laevitas said the positioning reflected aggressive demand for protection following Bitcoin\u2019s sharp rally and suggested traders were preparing for increased event risk later in the week.<\/span><\/p>\n

That caution is understandable. Bitcoin has gained around 25% in just seven days, leaving momentum indicators at unusually high levels.<\/span><\/p>\n

The market is now caught between strong buying pressure and the possibility that traders will take profits after such a rapid advance.<\/span><\/p>\n

Bitcoin faces a key technical test<\/b><\/h2>\n

Bitcoin\u2019s next major obstacle is already in sight.<\/span><\/p>\n

BTC reached an intraday high of<\/span> $81,265 <\/b>on Tuesday before retreating after running into its 50-week moving average, which currently sits near $81,085.<\/span><\/p>\n

The 50-week moving average is closely followed by technical traders because it has historically helped distinguish temporary rallies from broader trend reversals.<\/span><\/p>\n

Galaxy Research has highlighted the level as particularly important. Its analysis found that Bitcoin reclaimed the 50-week moving average in 11 of 13 completed bear markets before the bear-market low was confirmed.<\/span><\/p>\n

A weekly close above roughly $82,000 would therefore carry significance beyond another short-term price gain. It could strengthen the case that Bitcoin\u2019s broader downtrend has ended and that the market is entering a new bullish phase.<\/span><\/p>\n

Bitcoin has already moved above its major daily moving averages, reinforcing the improving technical picture.<\/span><\/p>\n

Bitcoin (BTC) Price Performance on Aug. 25, 2026 (Source: <\/span><\/i>CoinMarketCap<\/span><\/i><\/a>)<\/span><\/i><\/p>\n

A rally that may need to cool down<\/b><\/h2>\n

The biggest concern for bulls may simply be the speed of the move.<\/span><\/p>\n

Bitcoin\u2019s seven-day rate of change, or ROC, is currently <\/span>around 25%<\/b>. Such readings have been relatively rare over the past five years and have often been followed by a slowdown or period of consolidation.<\/span><\/p>\n

That does not necessarily mean the rally is over. A pullback after a 25% weekly gain would be normal, particularly if Bitcoin can hold newly established support and ETF inflows remain positive.<\/span><\/p>\n

The more important question is what happens after the market cools down.<\/span><\/p>\n

If Bitcoin breaks decisively above the <\/span>$81,000-$82,000 resistance zone <\/b>while ETF demand remains strong, the move could gain another leg higher. If it fails repeatedly at that level, traders may begin locking in profits and waiting for a better entry.<\/span><\/p>\n

For now, the $82,000 level is the number to watch.<\/b><\/p>\n

Bitcoin has momentum, institutional demand and at least one trader willing to risk $2.9 million on a rapid breakout. But after a 25% weekly surge, the market still has to prove that it can turn this burst of momentum into a sustainable uptrend.<\/span><\/p>\n<\/div>\n

Bitcoin\u2019s latest surge has traders making increasingly aggressive bets that the rally has further to run. On Monday, one or more traders bought 2,000 Bitcoin call-option contracts with an $82,000 strike price expiring Sept. 4, according to Laevitas. The position cost about $2.9 million in premiums. The trade is a straightforward bullish bet: Bitcoin needs […]<\/p>\n","protected":false},"author":1,"featured_media":24676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[16],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftplazas.com\/wp-content\/uploads\/2026\/08\/1-2.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/24675"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=24675"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/24675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/24676"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=24675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=24675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=24675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

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