Bitcoin's put-call ratio just printed a 1-year high. Traders are paying up for downside — the $55K talk is loud in options.
Spot isn't cooperating though. BTC $60,117 (+1.0% 24h). ETH +2.7%, SOL +5.6%. Fear & Greed still at 15. Perp funding flat near 0.006%.
I've seen this movie before. Options desks hedge first. Spot grinds higher on thin books. Someone's wrong, but it's too early to call which side blinks. $60K is the line to watch.
#crypto $BTC $ETH #Trading #AI #CryptoAI #MarketOutlook
Not financial advice.
Spot isn't cooperating though. BTC $60,117 (+1.0% 24h). ETH +2.7%, SOL +5.6%. Fear & Greed still at 15. Perp funding flat near 0.006%.
I've seen this movie before. Options desks hedge first. Spot grinds higher on thin books. Someone's wrong, but it's too early to call which side blinks. $60K is the line to watch.
#crypto $BTC $ETH #Trading #AI #CryptoAI #MarketOutlook
Not financial advice.