COINOTAG News, citing on-chain data analyst Murphy, reports a clear tilt in the options market. The data show a substantial flow: a large volume of $80,000 call options bought, $100,000 calls sold, and heightened activity in put options. The pattern suggests a near-term bullish bias around the $80,000 strike, with traders establishing long exposure on pullbacks.
Meanwhile, signals point to the $80,000 level as a robust support, while the $100,000 zone is treated as a notable resistance. Protective hedges and short positioning are evident as participants manage risk against a potential breach.
From a practical perspective, these on-chain indicators underscore the value of on-chain data and options trading analytics for investor decision-making, offering insights into liquidity dynamics and expected volatility around key strike prices.
Source: https://en.coinotag.com/breakingnews/bitcoin-options-market-signals-mixed-sentiment-80k-call-buying-at-support-100k-call-selling-at-resistance-with-rising-put-activity
