Analysis: Bitcoin Breaks Through Key $92,000 Level, Options Market Bets on Testing $100,000

Odaily News Bitcoin rose on Tuesday, breaking through $92,000, with daily trading volume increasing by 25% to $37 billion. Its next major resistance level is $94,500; DASH surged 63%, leading to the liquidation of $1.3 million in short positions; over the past 24 hours, total leveraged futures position liquidations across the network reached $180 million, affecting both long and short positions.

Currently, the 30-day implied volatility indices for BTC and ETH are under pressure, while futures open interest (OI) remains largely flat. The basis (futures premium) for CME-listed Bitcoin and Ethereum futures is stable at slightly below 5%. On Deribit, BTC and ETH put options continue to trade at higher prices than call options. However, there appears to be demand in the market for BTC call options with strike prices of $98,000 and $100,000, as well as for ETH call options. (CoinDesk)