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 positions liquidated 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. Futures open interest (OI) is largely flat. The basis (futures premium) for CME-listed Bitcoin and Ethereum futures remains 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 for BTC call options with strike prices of $98,000 and $100,000, as well as for ETH call options. (CoinDesk)