Bitcoin BTC$86,563.37 traders are increasingly taking defensive positions, bracing for a potential price drop below $80,000 in the new year. “Skew’s sharp step lower shows traders stacking puts, especially into the December 26 expiry, where open interest has concentrated at the $84K and $80K strikes,”… Read More
Rising odds of a Fed pivot helped calm crypto markets, while QCP and Glassnode point to a reset in leverage, fading sell pressure, and early signs of a bottoming structure as traders hedge both downside and late-year upside.
BTC recently fell below $100,000 as macro uncertainties weighed over spot ETF inflows.
Open interest climbing from $25 billion to nearly $30 billion reflects fresh leverage entering the market — a double-edged sword that could amplify upside momentum above $112,000 but heighten liquidation risks below $110,000, an analyst noted.
Internet Computer slid to $3.19 after breaking support, but buyers see short-term rebound potential near $3.15.
The spotlight is firmly on the crypto market over the course of the week after a spurt of liquidations between Oct. 10 and Oct. 17, with BTC and ETH trading well below their respective early October highs. Despite market uncertainty, a number of catalysts are… Read More
