Bitcoin: Options Leverage Rebuilds at $86K
Bitcoin touches $86k as options open interest put/call ratios rise while long leverage rebuilds slowly, still below prior frothy peaks with muted perp funding.
SourceAnalysis
Bitcoin touched $86k as long leverage slowly rebuilds in the options market, pushing open interest put/call ratios higher yet still distant from the frothy extremes recorded near the prior top.
Price action at $85919.06 tests upper Bollinger resistance at $84530.69 with RSI(14) at 85.48 flashing overbought, pointing to a probable retracement toward EMA50 support at $79605.4 before any further advance, even as the MACD golden cross sustains the broader bullish structure above EMA200 at $75747.61 and perp funding stays below neutral.
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