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10x Research: Investors Show Strong Demand for Bitcoin Put Options, Market Highly Cautious of Non-Farm Payrolls, BLS Revision, CPI, and Fed Meeting Events
Summary: According to 10x Research analysis, Bitcoin is currently holding in the $106,000–$108,000 support range, but market signals indicate a possible significant breakthrough. Option market data shows increasing concerns among traders about short-term downside risks, especially related to upcoming US employment data, BLS revision, CPI, and the Fed interest rate meeting events. The current skewness of ...
According to 10x Research analysis, Bitcoin is currently holding in the $106,000–$108,000 support range, but market signals indicate a possible significant breakthrough. Option market data shows increasing concerns among traders about short-term downside risks, especially related to upcoming US employment data, BLS revision, CPI, and the Fed interest rate meeting events. The current skewness of the options market is -4.3%, reflecting strong demand for put options by investors, indicating an enhanced expectation of a significant drop in Bitcoin prices. Additionally, technical indicators suggest that Bitcoin's trend may not be unilaterally downward, as US Treasury yields decline and rate cut expectations rise, the Fed faces its most critical policy test of the year. Market catalysts continue to accumulate, and the direction of Bitcoin's next phase may be determined in the coming days. Investors should closely monitor the release of relevant data and market reactions to seize potential trading opportunities.
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Link: 10x Research: Investors Show Strong Demand for Bitcoin Put Options, Market Highly Cautious of Non-Farm Payrolls, BLS Revision, CPI, and Fed Meeting Events [Copy]
