Bitcoin traders position for $90K+ calls as ETFs see eight-day inflow streak

Spot Bitcoin ETFs just strung together eight consecutive days of net inflows, pulling in roughly $2.39 billion in a single week. That’s the largest weekly haul since October 2025. Meanwhile, options traders are stacking up call positions at $90,000 and $95,000 strikes, betting that Bitcoin’s current price range is a floor, not a ceiling. The catch: Bitcoin itself hasn’t gotten the memo. It’s trading around $83,000 to $84,000, sitting about 34% below its October 2025 peak near $126,000. Institutional money is flowing in at a pace that suggests deep conviction, but the spot price is behaving like it’s stuck in traffic. The ETF machine keeps humming Cumulative net inflows into US spot Bitcoin ETFs have now reached approximately $57.5 billion since their January 2024 launch. Total assets across the product category are closing in on $108 billion. BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC have been the primary magnets for capital. This marks a meaningful shift from earlier in 2026, when the ETF complex experienced stretches of net outflows. The reversal to eight straight days of inflows suggests a change in positioning, not just a one-day spike driven by a single larg...