The cryptocurrency market is known for its sharp boom-and-bust cycles, making even volatile equity markets appear relatively stable. After a steep correction earlier this year, crypto could be poised for a rebound, with options activity in key crypto-linked stocks pointing to renewed bullish sentiment.
Options traders are aggressively buying call options on the iShares Bitcoin Trust ETF (IBIT), Strategy and Coinbase Global, signalling expectations of further upside, according to a CNBC report.
Coinbase shares jumped around 10% on Tuesday to close near $176 apiece, after dipping below $150 earlier this month. This came amid heightened options trading at the counter.
A similar surge in options trading was seen in financial services company Robinhood Markets, whose shares jumped over 7%. The firm provides an electronic trading platform that lets users trade popular cryptocurrencies, including Bitcoin, Dogecoin, Ethereum and Litecoin.
These bullish bets are set to make profits only if crypto prices recover. In other words, these traders are betting on the crypto market heading towards a sharp rebound.
Bitcoin recorded marginal losses over the past 24 hours, but overall gained nearly 2% in one week and 3% in one month. It is however down over 44% in one year. Ethereum also has fallen over 48% in one year, but has gained around 10% in a month.
Also read | Is Bitcoin finally becoming digital gold equivalent?
Trump's crypto gains
Cryptocurrency has seen sharp volatility since US President Donald Trump took office last year. Even before being elected, Trump had self-proclaimed himself to be the “first crypto president” as he sought to curb regulations against the volatile financial assets. He began placing policies and initiatives that the crypto industry saw as beneficial.
After an initial boost, the sharp rally in crypto fizzled out. But the US President recently reported more than $1.4 billion in income from his family’s crypto ventures in 2025, as a review of his latest financial disclosures showed that the Republican US leader now derives most of his income from digital assets which have benefited from his policies.
According to Trump’s annual financial disclosures released late last month, his companies received almost $800 million from World Liberty Financial, a crypto venture he and his sons co-founded. This includes more than $520 million from sales of crypto tokes and more than $250 million from the sale of interests in the World Liberty business.
Trump made another $635 million from the sale of his Trump meme coins. Notably, the gains he made from crypto have skyrocketed recently. For comparison, he made $57.35 million from token sales at World Liberty just a year ago, marking a nine-fold jump to this year.
Also read | Donald Trump's $1.4 billion payday: How meme coins and a family venture built his fortune
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