Bitcoin's options divergence and HODLing trend fuel cautious path toward $100K

On 16 January, Bitcoin fell 1.45% after President Trump again retreated from reports that he would appoint Kevin Hassett as the next Fed Chair, reinforcing broader risk-off sentiment across markets. Even with heightened macro volatility, whales holding BTC from the December trade near the $90k–$92k cost basis and strong institutional accumulation are maintaining upward positioning, as reflected in a 0.71 put/call ratio that signals renewed call demand.