On‑chain and derivatives data from Santiment show a classic contrarian warning signal: after Bitcoin pushed above $94.4K, demand for $100,000 call options surged, a pattern that has historically preceded short‑term pullbacks when crowd greed peaks.On‑chain and derivatives data from Santiment show a classic contrarian warning signal: after Bitcoin pushed above $94.4K, demand for $100,000 call options surged, a pattern that has historically preceded short‑term pullbacks when crowd greed peaks.

Santiment: $100K Bitcoin Call Frenzy Signals Contrarian Risk

2026/01/07 13:30
뉴스 요약
On‑chain and derivatives data from Santiment show a classic contrarian warning signal: after Bitcoin pushed above $94.4K, demand for $100,000 call options surged, a pattern that has historically preceded short‑term pullbacks when crowd greed peaks.

Summary

On‑chain and derivatives data from Santiment show a classic contrarian warning signal: after Bitcoin pushed above $94.4K, demand for $100,000 call options surged, a pattern that has historically preceded short‑term pullbacks when crowd greed peaks.

What the Data Shows

  • Sharp rise in $100K call buying
  • Concentration of bullish bets immediately after a price breakout
  • Sentiment skewing heavily toward upside continuation

This kind of positioning reflects crowded optimism, not necessarily informed conviction.

Why This Can Be Bearish (Short Term)

  • Overcrowded trades: When too many traders bet on the same outcome, upside becomes fragile
  • Dealer hedging dynamics: Heavy call buying can reduce marginal upside as dealers adjust exposure
  • “Buy the top” behavior: Retail enthusiasm often peaks after strong moves, not before them

Historically, similar spikes in call demand have coincided with local tops or consolidation phases.

Important Context

  • This is a tactical signal, not a macro one
  • It does not invalidate the broader bullish thesis for Bitcoin
  • Pullbacks driven by sentiment often reset leverage and funding, strengthening the trend

In bull markets, corrections are usually brief and shallow.

What to Watch Next

  • Funding rates and open interest changes
  • Whether call demand cools or accelerates further
  • Price behavior around key levels like $95K–$100K

Bottom Line

Santiment’s data suggests Bitcoin sentiment is flashing a contrarian warning as $100K call demand spikes after reclaiming $94.4K. Historically, this setup favors short‑term cooling or consolidation, even if the larger trend remains constructive.

면책 조항: 본 페이지에 게시된 글은 독립적인 기고자가 작성한 것으로, 반드시 MEXC의 공식 입장을 반영하는 것은 아닙니다. 모든 콘텐츠는 정보 제공 및 교육 목적으로만 제공되며, 제공된 정보를 바탕으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다. 암호화폐 시장은 매우 변동성이 높습니다. 투자 결정을 내리기 전에 반드시 자체 조사를 수행하고 자격을 갖춘 금융 전문가와 상담하시기 바랍니다.

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