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Analysis: Bitcoin Breaks Key $92,000 Level, Options Market Betting on $100,000
Summary: According to reports, Bitcoin surged above $92,000 on Tuesday with daily trading volume up 25% to $37 billion, facing its next major resistance level at $94,500; DASH rose 63%, leading to the liquidation of $1.3 million in short positions; in the past 24 hours, the total amount of leveraged futures positions liquidated across the network ...
According to reports, Bitcoin surged above $92,000 on Tuesday with daily trading volume up 25% to $37 billion, facing its next major resistance level at $94,500; DASH rose 63%, leading to the liquidation of $1.3 million in short positions; in the past 24 hours, the total amount of leveraged futures positions liquidated across the network reached $180 million, affecting both long and short positions.
Currently, the 30-day implied volatility index for BTC and ETH is under pressure, open interest (OI) in futures contracts remains stable, the basis (futures premium) for Bitcoin and Ethereum futures listed on CME is holding steady slightly below 5%, and on Deribit, the price of put options for BTC and ETH continues to be higher than call options, but there seems to be demand in the market for BTC call options with strike prices of $98,000 and $100,000, as well as ETH call options. (CoinDesk)
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Link: Analysis: Bitcoin Breaks Key $92,000 Level, Options Market Betting on $100,000 [Copy]
