Analysis: Bitcoin is under pressure at the $80,000 mark, and the futures and options markets are beginning to release bearish signals
According to market news, the U.S. PCE inflation data is about to be released, combined with rising international oil prices and climbing U.S. Treasury yields, which continue to suppress the performance of risk assets. Currently, Bitcoin is facing significant resistance around the $80,000 mark, while the derivatives market continues to signal risk aversion.
Analysis indicates that the cost basis for short-term holders is concentrated around $80,000. If the price breaks through this level, it may trigger profit-taking selling pressure, thereby limiting further upside potential. In addition, Bitwise researcher Luke Deans pointed out that the current 180-day correlation and Beta quantile of altcoins with Bitcoin are close to 97% and 99%, respectively, indicating that most tokens will still behave as "high-leverage versions of Bitcoin."
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