Bitcoin Price Jumps 4% as Nasdaq Moves to Raise IBIT Options Limits

The Bitcoin price has surged 4% in the past 24 hours, trading at $91,718, amid a 14% daily trading volume increase to $71 billion.

The surge in BTC price comes as Nasdaq ISE proposes raising the position and exercise limits for BlackRock’s IBIT Bitcoin options from 250,000 contracts to one million. The rule change, published on November 26, 2025, highlights growing institutional demand for Bitcoin-linked derivatives and pushes IBIT into the same category as major, highly liquid stocks. This move strengthens Bitcoin’s credibility in traditional finance.

Nasdaq’s proposal reflects Bitcoin’s rising liquidity and expanding market value. By increasing the cap, the exchange gives large investors more room to trade, hedge, and manage exposure, making IBIT more appealing to institutions.

Bloomberg analyst Eric Balchunas noted that IBIT already hosts the largest Bitcoin options market by open interest, showing how important it has become. Supporters such as Jeff Park from Bitwise have long argued that previous limits were far too restrictive.

The change could shape how options are used in the market. Larger limits help volatility sellers hedge more efficiently, which might reduce sudden price moves. However, more liquidity could also attract speculators who may increase volatility during major market events.

Bitcoin Attempts Trend Reversal After Breaking Out of Downward Channel

Bitcoin is showing early signs of recovery after several weeks of downward movement, now trading near $91,128. The price has finally broken out of the steep descending channel that has been dragging it lower since October. This breakout suggests sellers are losing momentum and buyers are slowly stepping back in. The Fibonacci retracement levels highlight important zones on the chart.

Bitcoin has already reclaimed the 23.6% level at $85,179 and is now trying to stay above the 38.2% level at $87,779. The next major level is the 50% retracement at $89,880, and holding above this point would show strengthening bullish momentum.

Currently, BTC price testing the most important zone—the 61.8% level at $91,982, also known as the “golden pocket.” A strong close above this level would be a major bullish signal and could push the price toward the next resistance at $98,785.

Above this area, Bitcoin faces two strong resistance barriers: the 50-day moving average near $103,500 and the 200-day moving average at $109,921. Breaking above the 50-day SMA would confirm a trend reversal and likely trigger a rally toward $109,000–$110,000.

On the downside, Bitcoin has solid support between $89,000 and $87,500. If the price falls below this zone, it could revisit $85,000 and possibly retest the recent low around $80,976. For now, buyers are defending this support range well. The RSI indicator is also improving, rising from oversold levels near 30, which suggests that bearish pressure is fading and market momentum is shifting toward the bulls.