Deep Tide TechFlow News, January 13 — According to CoinDesk, Bitcoin surged past $92,000 on Tuesday, with daily trading volume increasing by 25% to $37 billion. Its next major resistance level is $94,500; DASH rose 63%, leading to the liquidation of $1.3 million in short positions; in the past 24 hours, the total network leverage futures liquidation reached $180 million, affecting both long and short positions.
Currently, the 30-day implied volatility indices for BTC and ETH are under pressure. Open interest (OI) in futures remains relatively flat. The basis (futures premium) for Bitcoin and Ethereum futures listed on CME is stable at just below 5%. On Deribit, the trading prices of BTC and ETH put options continue to be higher than call options, but there appears to be market demand for BTC call options with strike prices of $98,000 and $100,000, as well as ETH call options.
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Analysis: Bitcoin has risen above the $92,000 level, with Deribit bullish options pointing to $98,000-$100,000
Deep Tide TechFlow News, January 13 — According to CoinDesk, Bitcoin surged past $92,000 on Tuesday, with daily trading volume increasing by 25% to $37 billion. Its next major resistance level is $94,500; DASH rose 63%, leading to the liquidation of $1.3 million in short positions; in the past 24 hours, the total network leverage futures liquidation reached $180 million, affecting both long and short positions.
Currently, the 30-day implied volatility indices for BTC and ETH are under pressure. Open interest (OI) in futures remains relatively flat. The basis (futures premium) for Bitcoin and Ethereum futures listed on CME is stable at just below 5%. On Deribit, the trading prices of BTC and ETH put options continue to be higher than call options, but there appears to be market demand for BTC call options with strike prices of $98,000 and $100,000, as well as ETH call options.