Bitcoin Price Holds $75K as Options Traders Hedge Downside
Share:
Bitcoin held above the $75,000–$76,000 support zone after slipping below $78,000, leaving bulls focused on a potential rebound toward $79,500–$80,000 with resistance near $81,400. Options skew sits in put territory and a $3.2 billion short-gamma cluster around $75K has traders hedging downside, signaling cautious derivatives positioning that could cap near-term upside.
Predictions Markets
See what traders are focused on
- Bitcoin held above $75K-$76K support after slipping below $78K from recent local highs.
- Options skew stayed in put territory, showing traders preferred downside protection after $82K.
- A $3.2B short gamma cluster near $75K keeps the same support zone central to price action.
Bitcoin remained above a key support zone between $75,000 and $76,000 after slipping back below $78,000. Market analyst Ted Pillows said the area remains critical for bulls, with a sustained hold keeping a rebound toward $79,500 to $80,000 in focus.
Bitcoin’s $75K Support Zone Becomes the Key Bullish Test
The shared BTC/USDT chart showed price consolidating above the green demand band. That area previously acted as a breakout zone, making it an important short-term level after the pullback from the $82,000 region.
The next resistance levels sit near $79,500 and $81,400, acco…
Read The Full Article Bitcoin Price Holds $75K as Options Traders Hedge Downside On Coin Edition.
Read More
A mystery whale paid $30 million to exit BlackRock Bitcoin ETF before the market fell
