2026-02-03 13:32:03

$DOGELONMARS What is this, a candlestick chart?

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Join111

· 5h ago

Bitcoin's attempt to stabilize as demand for put options used to hedge downside risk has eased somewhat, but the concentration of open interest at specific strike prices indicates that market tension has not fully dissipated. According to Deribit data, the highest concentration of put options shows that buyers are providing support around $75,000, making it a key support level. The token briefly dropped to $74,541 on Monday before rebounding. The next key support level is at $70,000.

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