Bitcoin Options Market Reacts To $100k Price Crash Amidst Bearish Sentiment

Bitcoin Options Market Reacts To $100k Price Crash Amidst Bearish Sentiment

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Bearish sentiments are dominating the Bitcoin market following a significant price drop below the $100,000 psychological support level. Glassnode analytics firm is observing the reaction in the BTC options market after this period of high volatility, noting Bitcoin's underperformance compared to traditional assets.

Bearish sentiments continue to dominate the Bitcoin market as the leading cryptocurrency registered a decisive price break below the $100,000 psychological support zone. Following this highly volatile display, blockchain analytics firm Glassnode has noted the reaction of the BTC options market.

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