TechFlow, December 12 — Crypto analyst Murphy posted on social media stating, "Summary of institutional traders' current market outlook and expectations:
1. Traders are using in-the-money Calls at $85k to increase leverage for long positions while simultaneously selling Puts to collect premiums, effectively expressing with real capital that even if there is a correction, they prefer to treat $85k as a dip-buying opportunity rather than the starting point of a new deep downturn.
2. Heavy Put selling at $90k indicates funds are betting this level serves as short-term support.
3. Significant surge in buying both Calls and Puts around the current price suggests funds are positioning for the next phase of high volatility."
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