The latest non-farm data from the United States is about to be released, $BTC has fallen below 86,000 dollars in advance!
Yesterday, there was a net outflow of 357 million dollars from US stock spot ETFs, with signs of institutional fund withdrawal becoming evident. Market panic sentiment is rising, with the fear and greed index dropping to 20, creating a new low for this phase.
The options market is under additional pressure: there are a large number of sell puts around the strike price of 85,000 dollars, the success rate has rebounded, and structural support has strengthened. If the 85,000 dollars level is maintained, a rebound can be expected.
On-chain data analyst Murphy pointed out: large purchases of puts at the end of November reflect panic, and the 85,000 dollars level is now a key support. The strike price on December 26 is likely to hold at 85,000 dollars; if it falls below 80,000 dollars, it will accelerate downward.
The current BTC price is approximately 86,500 dollars, down 3.6%. The non-farm data may become a turning point, be cautious in the short term, and pay attention to the 80,000 dollars support!
