Bitcoin caught between critical onchain support and an options showdown
Hex37's read
- Bitcoin faces pressure from supply concentration and options positioning.
- High options activity is suppressing volatility and keeping BTC range-bound.
- Key on-chain support levels are being tested.
What it means for traders
- Expect continued low volatility for BTCUSDT until a significant options expiry or on-chain event.
- Breakouts from the current range may be sharp due to suppressed volatility.
Affected markets
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