$PUBLIC T OPTION HIT BY SELLING – BULLS LOSE KEY SUPPORT!
Contract: BTC-251226-85000-P
Last Price: $1,515.000
Decline: -6.48% (₹424,351.50) – Sellers take control!
24H Range: A sharp rejection from the highs!
High: $2,175.000**
Low: **$730.000 – Still a 198% surge from low to high earlier!
Volume Alert:
Contracts: 86.43
USD Value: $7.38M – Active liquidation in progress!
Critical Breakdown:
MA60 at $2,133.000 – Price is now trading -29% BELOW this crucial level. A clear bearish signal!
Market Sentiment Shift:
Mark Price at $1,920.000 (above last trade) suggests potential for a dead cat bounce, but momentum is weak.
This $85,000 strike put (expiry Dec 26) is facing pressure as Bitcoin holds strong.
If BTC remains resilient, this contract could see further decay.
Key Support Zone:
$2,105.000 - $2,116.900 – A break below here opens the door to the $730.000 daily low.
With 10 days to expiry, time decay accelerates. Volatility is the only hope for a rebound.
High-risk hedge against a potential BTC correction. The battle lines are drawn!
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