BTC Market Update & Sentiment Analysis

BTC has recently experienced a sharp drop, trading within the $98,000–$99,000 range. Most traders in the group remain bearish in the short term, anticipating a further decline to $94,000–$96,000. This downturn is largely attributed to macro factors, including negative sentiment around Nvidia and the broader tech stock sell-off.

Options & Market Positioning

Put options with strike prices between $96,000 and $98,000 are seeing increased activity as traders build defensive positions.

Many traders are closing or rolling over call spread strategies above $104,000 after repeated failed breakout attempts.

The majority plan to wait for a confirmed rebound near $98,000 before taking significant long positions.
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