Analysis: Bitcoin breaks through the key $92,000 level, with options market betting on a move to $100,000.

According to Mars Finance, Bitcoin surged past $92,000 on Tuesday, with daily trading volume rising 25% to $37 billion. Its next major resistance level is $94,500. DASH rose 63%, resulting in the liquidation of $1.3 million in short positions. In the past 24 hours, leveraged futures positions liquidated across the entire network reached $180 million, affecting both long and short positions. Currently, the 30-day implied volatility index for BTC and ETH is under pressure, while open interest (OI) in futures contracts is largely flat. The basis (futures premium) for CME-listed Bitcoin and Ethereum futures is stable at slightly below 5%. On Deribit, put options for BTC and ETH continue to trade at prices higher than call options, but there appears to be demand for BTC call options with strike prices of $98,000 and $100,000, as well as ETH call options.