Bitcoin (BTC) and the wider crypto market have seen a remarkable bullish turn in the last 24 hours, driven by President Donald Trump’s announcement of the five tokens he expects to include in the long -promised strategic cryptor reserve.

It has revived investor interest in the derived lookup options or bullish bets at the $ 100,000 level, according to Data Source Amberdata.

BTC, the leading cryptocurrency with market value, has achieved almost 10% in 24 hours and reached a highlight of over $ 95,000 at some point, Coindesk data shows. Other symbols that Trump named – ETH, XRP, Sun and ADA – designated more significant gains.

On Sunday, Trump announced Social Social that he has directed the president’s working group to move on to a crypto strategic reserve that includes XRP, Sol and ADA, with Bitcoin and Ether in the heart of the reserve. The market welcomed this news with enthusiasm, especially considering the disappointment of the industry players because of the lack of quick action on the promised reserve since Trump joined January 20.

Now this whole episode is seen as evidence that “Trump Put” on crypto, suggesting that Trump administration will intervene to support the market in turbulent times, just as bold is known to do for stock markets.

“Today, Trump signaled that there is a trump put on crypto. This is good enough for a change of trend, especially considering how BTC blasted through resitance with mood among many at all times,” said trader and analyst Alex Kruger at X.

Kruger said BTC has restored $ 89,000 and $ 92,000 as key support level, and dealers can “long support with confidence with clear invalid levels below.”

Josh Gilbert, market analyst at Etoro, shared a similar view in an email to Coindesk and said, “Given the president’s interested interests, it feels like this is something that investors may need to get used to; sale of this kind could continue to be supported by moving forward.”

Based on this, activity has been renewed in the $ 100,000 strike call, signaling that dealers are focusing on additional price gains despite ongoing volatility. A call option gives the buyer the right to buy the underlying asset at a predetermined price of or before a specific date, giving the buyer an asymmetrical upside exposure.

Data Tracked AMBER DATA shows open interest or the number of active positions in the $ 100,000 call has increased by 1,163 contracts (worth over $ 100 million), the most among all options listed on dismissal.

“$ 100,000 will be the level that everyone sees over the week,” Greg Magadini, director of derivatives at Amberdata, said in an email. “This coming [week][ will have interesting “Buy the rumor / Sell the news” dynamics around the March 7th crypto summit.

The renewed bias for calls, in general, is also evident from the recovery in the short-term skews, which measure the implied volatility premium (demand) for calls relative to puts.

The seven, 30- and 60-day bias have jumped to zero and higher, which is significant from the deep negative readings since Friday when dealers hunted protection options.

“People like to buy calls and sell sets when the market jumps,” Deribit’s Asia Business Development Head, Lin Chen, told Coindesk.

There are still challenges

Some observers are concerned that the progress of cryptor reserve may be slower than expected.

“Nothing new here. Just words. LMK when they get congressional approval to borrow money and or re -evaluate the gold price higher. Without it, they have no money to buy Bitcoin and Shitcoins,” said Arthur Hayes, chief investment manager and co -founder of the Maelstrom Fund, on X, respond to Trump’s announcement.

Several others, including Bybit’s CEO Ben Zhou, share a similar view.

“The mood we see in the wake of the American Federal Crypto Reserve Message is largely Bullish, with expectations of institutional influx and global competition for cryptor reserves. However, skeptis remains with specific concerns about the execution, congressional approval and potential long-term risks such as government intervention,” Mark Hiriart, Activation trading company that is zero said in an email to Coindes.

“While institutions can hurry in, unclear rules and macroeconomic conditions could determine if this rally is clinging,” noted Hiriart, adding the focus now to the White House Crypto Summit on March 7, giving more details about Crypto Reserve.