BTC Options at $90K and $100K Sold to Dealers, Threatening Bitcoin's Bullish Momentum
BTC options with strikes at $90,000 and $100,000 have been sold to dealers on Deribit, as reported by Amberdata. The rally may face obstacles if prices reach those levels, potentially causing the cryptocurrency to remain rangebound above $90,000. Despite bitcoin's ongoing surge, there is a possibility that its bullish momentum may be slowing down. The ETH/BTC ratio has also slid to its lowest point since April 2021.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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