Overview
- Bitcoin traded around $91,000–$92,000 after rebounding roughly 10% from a weekly low near $84,000, keeping the $90,000 support intact.
- Roughly $3.4 billion in Bitcoin options were set to expire on Dec. 5, with 36,906 contracts open and a maximum-pain level near $91,000.
- Options positioning showed a Put-to-Call ratio of 0.91, signaling mildly hedged but not strongly bearish sentiment.
- Bulls need to reclaim $93,200 to validate a near-term uptrend, while a break below $91,000 could invite tests of $90,000–$90,500.
- Miners increased reserves by 2,417 BTC (about $220 million) from Nov. 23 to Dec. 4, a build that can ease immediate sell pressure, and Blockdaemon’s integration with sidechain VerifiedX will power the Switchblade wallet and Butterfly payments app for retail use.