Crypto options activity is keeping Bitcoin stuck near $90K, says Deribit
Deribit, a major crypto options exchange, reports that increased options activity is contributing to Bitcoin's price stagnation around $90,000. The high volume of options trading is creating a balance between buying and selling pressure, preventing significant price movements. Analysts suggest that this activity reflects traders' cautious sentiment amid market uncertainty. As a result, Bitcoin's price remains confined within this range, with traders closely monitoring market developments for potential breakout signals.
Read the full article: Coin Telegraph