Bitcoin Traders Aim for $95K in Near Future; SUI Continues Multi-Day Rally
Author: Shaurya Malwa | Edited by: Parikshit Mishra Updated: April 25, 2025 5:25 PM Published: April 25, 2025 6:08 AM
Major cryptocurrencies have been little changed in the past 24 hours as markets have calmed down following the rally and subsequent profit-taking since the start of the week. Bitcoin (BTC) traded above $93,000 in early Asian trading on Friday, with traders pointing to increased optimism for short-term gains.
“With BTC holding steady above $90k, sentiment is becoming increasingly positive,” QCP Capital reported on its Telegram channel. “Call options with $95k strikes expiring in late April and May are dominating flows, indicating tactical interest in further gains.”
Call options are contracts that give the buyer the right to buy an asset at a set price before a set date. The increase in call option buying activity suggests that traders are betting on Bitcoin prices to rise above $95,000 by the end of April or May — a signal for retail traders.
“However, with macro risks temporarily subsiding and trade tensions easing, BTC is likely to consolidate in a tight range of $90,000-$94,500, pending a decisive breakout to the elusive $100,000 mark,” the company noted, while reiterating its tone of caution as market sentiment is driven by macro factors.
Among the major currencies, XRP and BNB Chain remained flat, while Solana’s SOL saw a 2% gain. Cardano’s Dogecoin (DOGE) and ADA increased by more than 4%, while Shiba Inu (SHIB) gained 5%.
The broad CoinDesk 20 index, which tracks the largest tokens by market cap, rose 1.2%.
Outside of the majors, Sui Network’s SUI continued its multi-day gains, extending its weekly gain to more than 62%. The catalyst was ecosystem company xPortal, which is launching a payment card that operates on the Mastercard network.
https://x.com/SuiNetwork/status/1915395312111530191
According to DefiLlama data, the total value locked (TVL) on the Sui network has exceeded $1.6 billion, up more than 9% in the last 24 hours.
Additionally, the trading volume on the decentralized exchange (DEX) on the Sui Network reached $599 million in 24 hours, up 35% from the previous week.
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