Under 5% of Bitcoin puts sit above $84,000 as bullish options bets dominate
AI summary
Fewer than 5% of Bitcoin put options are struck above $84,000, showing traders are overwhelmingly positioned for upside rather than downside protection. That skew can amplify rallies as dealers hedge, but thin put coverage also leaves the market exposed to sharp drops if sentiment flips. Traders should watch for volatility around the $84,000 level given the one-sided positioning.
