📈 #BTCOptionsSnapshot

The BTC options market is buzzing with activity as Bitcoin trades around $104,000. Resistance stands strong at $105,000, while support holds near $100,000. Despite BTC's social sentiment being at its lowest, whale accumulation and ETF demand hint at potential bullish trends.

Currently, notable BTC options data reveals:

- Feb 28 108k Put: Bid $8,383, Ask $8,646
- Feb 28 120k Put: Bid $16,872, Ask $17,663

While retail interest shows a decline, significant whale activity indicates confidence in BTC's future prospects, potentially signaling a market reversal. Keep an eye on whale moves and the Fed interest rate decision on Jan 30. A breakout above $105,000 could pave the path to $118,000 - $120,000.

Stay informed: understanding today's sentiment and market context is crucial for navigating volatility. 📉📊

[MarketInsight]
#BTCOptionsSnapshot