Bitcoin Defies Early Volatility to Reclaim $72,000 Support

Beneath the surface of the spot price action, the options market is signaling an increasingly bullish long-term outlook. Analysts point to a massive concentration of activity around the $80,000 strike price for call options. This heavy positioning on the Deribit platform suggests that institutional and professional traders are not just betting on a recovery, but are pricing in a period of significant expansion. With implied volatility on the rise, the market is bracing for more explosive price action as the June expiry approaches.

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