10x Research: Investors have a strong demand for Bitcoin put options, and the market is highly alert to events such as non-farm data, BLS revisions, CPI, and interest rate meetings
ChainCatcher news reports that, according to 10x Research analysis, Bitcoin is currently maintaining a support range of $106,000 to $108,000, but market signals indicate a potential significant breakthrough.Options market data shows that traders' concerns about short-term downside risks are increasing, especially related to upcoming U.S. employment data, BLS revisions, CPI, and Federal Reserve meetings. The current skew in the options market is -4.3%, reflecting strong demand for put options, indicating that the market's expectation of a significant drop in Bitcoin prices is increasing. Additionally, technical analysis suggests that Bitcoin's movement may not be unidirectional downward; as U.S. Treasury yields decline and expectations for interest rate cuts rise, the Federal Reserve faces one of its most critical policy tests of the year. Market catalysts are continuously accumulating, and the price movements in the coming days may determine the next phase for Bitcoin. Investors should closely monitor the release of relevant data and market reactions to seize potential trading opportunities.