According to @52kskew, Bitcoin (BTC) continues to see upward price support as bids move higher to keep prices elevated. The analysis highlights that increased long positioning is being bought back, with algorithmic bids primarily driving the price up while additional bids remain layered under the current price. This activity often creates a 'game of chicken' dynamic, where traders wait to see who will act first. These trading behaviors indicate strong support for BTC in the near term, which is relevant for both spot and derivatives traders. Source: @52kskew.

According to Greeks.live, Bitcoin traders are divided after the cryptocurrency failed to maintain its position above $104K following disappointment from Trump's executive order. Traders are closely watching the $98K support level while considering whether to reduce exposure or add to positions, expressing caution against aggressive directional bets. Notably, the market experienced aggressive long positioning at the $103K level in anticipation of executive orders, leading to many traders unwinding positions and reducing short put exposure due to the absence of significant crypto-related announcements. Despite this, implied volatility remains elevated above 70% on short-term options.

According to Greeks.live, Bitcoin traders are divided after the cryptocurrency failed to maintain above $104K, influenced by disappointment from Trump's executive order. Key support is seen at $98K, with traders debating whether to reduce exposure or increase positions. The market saw aggressive long positioning at $103K, but many are now unwinding positions as no significant crypto-related announcements occurred. Implied volatility remains elevated above 70% on short-term options despite the event.

According to GreeksLive, Bitcoin traders are divided following the cryptocurrency's failure to maintain levels above $104K due to disappointment from Trump's executive order. Traders are closely watching the $98K support level, deciding whether to reduce exposure or increase positions, with a general sentiment of caution towards aggressive directional bets. The market previously saw aggressive long positioning at the $103K level in anticipation of the executive orders, but many are now unwinding positions and reducing short put exposure after the lack of significant crypto-related announcements. Implied volatility remains elevated above 70% on short-term options.