"Traders brace for a rebound in Bitcoin to $90,000…but downside caution persists"

Source

Uk Jin

Summary

In the Bitcoin (BTC) options market, buying interest for $90,000-strike call options is surging.
Traders are positioning with the possibility in mind that Bitcoin could rebound into the $85,000–$95,000 range over the next month.
At the same time, put-option demand at $60,000 and $55,000 remains substantial, indicating hedging against the risk of further declines.

Forecast Trend Report by Period

Bitcoin (BTC) options markets are seeing a surge in buying interest for call options with a $90,000 strike.

According to The Block on the 27th (Korea time), Sean Dawson, head of Derive, said, "After weeks of uncertainty, the crypto market is showing early signs of stabilization," adding that "traders are positioning for a recovery while maintaining meaningful downside protection positions."

Derive is an on-chain derivatives platform.

Dawson said call buying is concentrated around the $80,000 and $90,000 levels in the options market. He explained, "This reflects positioning that takes into account the possibility of Bitcoin rebounding into the $85,000–$95,000 range over the next month."

However, he added, "There is still substantial demand for put options around $60,000 and $55,000," noting that "market participants are exploring rebound potential while also hedging against the risk of further declines."

Meanwhile, as of 10:10 p.m. today, Bitcoin is trading at $66,005, down 3.13% from the previous day. Bitcoin’s weakness today is underpinned by the possibility of a confrontation between the United States and Iran.

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