• Bitwise CEO predicts that Trump may unfreeze M&As, pushing BTC higher.
• Bitcoin is currently struggling to break above $100,000.
• $120K call is the most popular on Derbit with a notional value of $1.5 billion.

President-elect Donald Trump will take office on January 20th, drawing intense focus from the crypto world. With his pro-M&A policies expected to reshape corporate dynamics, investors are looking at his administration’s first moves that can rally Bitcoin past the $100K mark again. Investors remain optimistic but cautious, wondering how much of this potential will be realized.

Trump’s Potential to Reshape M&A Activity

Hunter Horsley, CEO of crypto ETF provider Bitwise, suggested that the Trump administration could unfreeze mergers and acquisitions (M&A), leading to large corporations wielding their market dominance. 

Hunter Horsley, CEO of crypto ETF provider Bitwise, in a post on X, speculated that the Trump administration’s policies could set the stage for massive shakeups, with giants like Amazon snapping up Instacart or Google taking over Uber. He painted a picture of a future where corporate behemoths grow even more dominant, leaving smaller players struggling to keep up.

An X user echoed this sentiment, suggesting that blockchain firms could start acquiring traditional finance businesses. Such moves might significantly drive cryptocurrency adoption in the long run.

Bitcoin’s $100K Resistance Level and Trader Sentiments

Bitcoin continues to hover near the $100,000 resistance level after reaching a daily high of $99,853.85. According to CoinMarketCap, BTC’s recent climb follows weeks of fluctuation, with a low of $91,000 during the same period. As of now, BTC trades at $99,495.76, reflecting a 1% gain over the past 24 hours.

Read also: Wall Street’s Bitcoin Price Manipulation Claims: What You Need to Know

CoinDesk reported a significant trade on Deribit, where a trader spent $6 million acquiring $100,000 strike call options set to expire on March 28. This high-stakes move indicates growing confidence in Bitcoin’s ability to reach a new all-time high within the first few months of 2025.

Deribit data also reveals the $120,000 strike call as the platform’s most popular option, with a notional value of $1.5 billion. This suggests that traders are increasingly optimistic about Bitcoin’s potential to break through resistance levels and establish new highs in the coming months.