Deep Tide TechFlow news, on July 17, according to CoinDesk, the strike price of the most popular bullish options on Bitcoin has fallen from $80k to $70k. The contract’s open interest value is $1.63 billion, becoming the market’s new key resistance level.



Over the past six months, the $80k strike price has remained the most popular bullish bet, while $60k put options are still the mainstream downside hedging tool. Imran Lakha, founder of Options Insights, said that market makers holding a net long gamma exposure above $70k will hedge by selling when prices rise, thereby limiting BTC’s upside momentum. The current Bitcoin trading price is about $64,100.
BTC-1.12%
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