Reported 13 days ago
Bitcoin's impressive price surge may struggle to break through the $90,000 to $100,000 range due to market makers holding substantial options positions at those levels. These dealers, who provide liquidity and aim for market-neutral exposure, are likely to hedge their positions by buying when prices fall and selling when they rise, creating volatility dampening. This dynamic could keep Bitcoin's price rangebound unless market sentiment shifts positively.
Source: YAHOO