X @Wu Blockchain
Wu Blockchain·2026-04-29 17:09
Bitcoin Faces Resistance Near $80,000 as Options Positioning Caps UpsideAccording to Bloomberg, Bitcoin is facing repeated resistance near $80,000 as concentrated call option positioning on Deribit triggers market makers to sell into price rallies under long gamma dynamics, capping upside. Approximately $1.5 billion in notional call options is clustered at this strike across May and June expiries, while weaker futures positioning, slowing spot demand, and profit-taking have further reinforced resistance at ...