BTC retests lows; sentiment defensive but dip-buyers active
BTC is back at recent lows in the Asia session with a spot bid but growing risk-off selling and put-leaning options skew. Retail and institutional voices are split between 'generational buy' and countertrading bulls.
What we know
An account on X sees a spot buyer at current lows while selling picks up. Another account on X shows put IV at 31.8% versus calls at 28%. Another account on X discusses what a break of the 74.8 level would mean for structure. Another account on X opened a countertrade BTC short. On the bullish side, another account on X RTs Tom Lee saying markets will exit the year strong, and another account on X calls this a generational opportunity. Another account on X notes $HYPE has fully retraced.
How the story developed
BTC is back at recent lows in the Asia session with a spot bid but growing risk-off selling and put-leaning options skew. Retail and institutional voices are split between 'generational buy' and countertrading bulls.
Retail turned net sellers for the first time since April, IG credit blew through 2026 wides, and Hayes expects BTC weakness while BTC open interest hits local highs.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.