๐Ÿ“Š #Bitcoin Faces Resistance Near $80,000 as Options Positioning Caps Upside


According to Bloomberg, #Bitcoin is encountering resistance near $80,000 due to concentrated call option positioning on Deribit, which prompts market makers to sell during price rallies. Approximately $1.5 billion in notional call options is clustered at this strike across May and June expiries, while weaker futures positioning, slowing spot demand, and profit-taking have reinforced resistance at this level. #cryptofactske
bitcoin:native
BTC-0.43%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
GateUser-61c00236
ยท 5h ago
you're right mate it's the berqs resisting
Reply0