Bitcoin Traders Target $90K+ Calls as Spot ETFs Record Eight-Day Inflow Streak

Spot Bitcoin ETFs have recorded eight consecutive days of net inflows, totaling approximately $2.39 billion in the past week, the highest weekly volume since October 2025. While institutional capital continues to flow into products like BlackRock's IBIT and Fidelity's FBTC—bringing cumulative net inflows to roughly $57.5 billion since inception—Bitcoin's spot price remains range-bound between $83,000 and $84,000. Options traders are heavily positioning for $90,000 and $95,000 call strikes, with market makers potentially inducing gamma pinning that limits current price volatility.