BTC Options Traders Proved Right? Price Tests $82.5k Support

• Bitcoin slips to ~$82.5k, testing lower range support after options expiry
• Options data had signaled caution (put premium, P/C >1) before the price dip
• Hash Ribbon ‘buy’ signal met immediate dip; BTC now below EMA resistance

Bitcoin (BTC) slipped towards $82,550 late Friday, testing the lower end of its recent $80,000-$87,000 range and trading 0.65% for over 24 hours. 

This move lower occurred despite a historically bullish indicator flashing earlier, while options market data continues to reflect trader caution under the shadow of new US tariffs.

Recent options market activity presaged the current weakness. Blockchain analysis platform Glassnode had reported put options trading at a premium, indicating heightened demand for downside protection.

Analysis of Options Data 

The trend is particularly strong in short-term maturities, reflec…

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