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BTC $96,847.38 +2.06%
ETH $3,372.37 +2.28%
BNB $943.22 +1.24%
XRP $2.13 +0.64%
SOL $145.12 +0.68%
TRX $0.3079 +1.84%
DOGE $0.1445 -0.89%
ADA $0.4084 -0.79%
BCH $612.42 +2.20%
LINK $14.12 +1.64%
HYPE $25.49 -1.35%
AAVE $175.95 +0.92%
SUI $1.83 +0.69%
XLM $0.2330 -2.18%
ZEC $437.73 +5.50%

Analyst: The market tends to see $85,000 as a buy point for BTC on a pullback, with funds betting that $90,000 is a short-term support

2025-12-12 14:41:48
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Cryptanalysis expert Murphy posted on social media, stating, "The views and predictions of traders (institutions) regarding the current market are summarized as follows: 1. Funds are using the 85,000 in-the-money Call to leverage long positions while selling Puts to collect premiums, indicating with real money that even if there is a correction, they are more inclined to treat 85,000 as a buying point on a pullback rather than the starting point of a new round of deep declines. 2. A large amount of Puts being sold at 90,000 indicates that there is capital betting that this is a short-term support level. 3. The simultaneous surge in buying Calls and buying Puts near the current price shows that funds are preparing for the next significant volatility."

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