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Analysis: The market is currently betting that $80,000 is a strong support level, with $100,000 being a strong resistance level.
BlockBeats News, November 30th, on-chain data analyst Murphy stated that options trading data shows a large amount of $80,000 Call (bullish options) being bought, $100,000 Call being sold, and increased activity in Put (bearish options) buying. The market is betting that $80,000 is a strong support level, with long positions setting up at the bottom. On the other hand, the market is betting $100,000 is a strong resistance level, with short sellers believing this price is difficult to break through and thus adding risk protection against a breakdown.
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