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2026-04-29 21:22:02

Bitcoin's recent attempts to surpass the $80,000 mark have been thwarted, with the latest attempt seeing BTC retrace to around $75,400. Bloomberg attributes this stagnation partly to concentrated call options around the $80,000 strike on Deribit, suggesting a powerful, less visible force at play in the derivatives market. This analysis provides insight into the market dynamics influencing Bitcoin's price action.

BTC-1.04%

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