TechFlow reported on December 9 that, according to CoinDesk analysis, options market data suggests Bitcoin may face resistance at $120,000. Data from cryptocurrency options exchange Deribit shows the highest open interest in call option contracts is at the $120,000 strike price, reaching $1.93 billion. Options contracts at the $200,000 strike price have also accumulated $500 million in open interest.
For XRP, the market is primarily focused on two key resistance levels at $2.8 and $5. Off-exchange options contracts at these levels have accumulated open interest of $2 million and $1.12 million, respectively.
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