Analysis: Bitcoin breaks through the key level of $92,000, with the options market betting on a rise to $100,000

BTC-1,91%
DASH-1,92%
ETH-1,77%

Odaily Planet Daily reports that Bitcoin rose above $92,000 on Tuesday, with daily trading volume increasing by 25% to $37 billion. Its next major resistance level is at $94,500; DASH surged 63%, leading to the liquidation of $1.3 million in short positions; over the past 24 hours, the total network leverage futures liquidation reached $180 million, affecting both long and short positions.

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

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