BTC Options Traders Proved Right? Price Tests $82.5k Support
- Bitcoin slips to ~$82.5k, testing lower range support after options expiry
- Options data had signaled caution (put premium, P/C >1) before the price dip
- Hash Ribbon ‘buy’ signal met immediate dip; BTC now below EMA resistance
Bitcoin (BTC) slipped towards $82,550 late Friday, testing the lower end of its recent $80,000-$87,000 range and trading 0.65% for over 24 hours.
This move lower occurred despite a historically bullish indicator flashing earlier, while options market data continues to reflect trader caution under the shadow of new US tariffs.
Recent options market activity presaged the current weakness. Blockchain analysis platform Glassnode had reported put options trading at a premium, indicating heightened demand for downside protection.
Analysis of Options Data
The trend is particularly strong in short-term maturities, reflec…
The post BTC Options Traders Proved Right? Price Tests $82.5k Support appeared first on Coin Edition.
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BTC Options Traders Proved Right? Price Tests $82.5k Support
- Bitcoin slips to ~$82.5k, testing lower range support after options expiry
- Options data had signaled caution (put premium, P/C >1) before the price dip
- Hash Ribbon ‘buy’ signal met immediate dip; BTC now below EMA resistance
Bitcoin (BTC) slipped towards $82,550 late Friday, testing the lower end of its recent $80,000-$87,000 range and trading 0.65% for over 24 hours.
This move lower occurred despite a historically bullish indicator flashing earlier, while options market data continues to reflect trader caution under the shadow of new US tariffs.
Recent options market activity presaged the current weakness. Blockchain analysis platform Glassnode had reported put options trading at a premium, indicating heightened demand for downside protection.
Analysis of Options Data
The trend is particularly strong in short-term maturities, reflec…
The post BTC Options Traders Proved Right? Price Tests $82.5k Support appeared first on Coin Edition.
Read More
Analysts Predict Bitcoin Might Resume Bull Run Soon, Will US Tariffs Propel Rally?