TechFlow, Dec 17 — According to CoinDesk, Bitcoin's 30-day implied volatility remains low, indicating relatively calm market conditions ahead of Thursday's U.S. inflation data and Friday's Bank of Japan interest rate decision. However, derivatives positioning shows that long positions for BTC/USD on Bitfinex have reached their highest level since February. Additionally, trading activity in Bitcoin put options with a strike price of $85,000 and call options with strike prices of $95,000 and $100,000 on Deribit suggests that significant price movement may be imminent. Analysis suggests that for Bitcoin to break its bearish trend, it needs to reclaim levels above $95,000, ideally above $98,000.
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