According to Mars Finance, on November 30th, on-chain data analyst Murphy stated that options trading data showed a significant increase in buying of $80,000 call options, as well as a noticeable increase in selling of $100,000 call options and buying of put options. The market is betting on $80,000 as strong support, with bulls establishing a bottom. Meanwhile, $100,000 is being bet on as strong resistance, with bears believing this price level is difficult to break and adding hedging against a potential breakdown.
Analysis: The market is betting on $80,000 as strong support and $100,000 as strong resistance.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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