$BTC
options just flashed a sharp reality check.
The $BTC -260327-95000 Call is trading at 220, down 8.30% on the session, sliding straight from the 250 high to today’s low at 220. Price is now sitting right at the session floor, showing clear pressure from sellers. Mark price remains elevated near 257, highlighting a widening gap between fair value and last traded price.
On the technical side, short-term momentum has fully cooled off. MA(7) and MA(25) have flattened at 220, while the longer MA(99) still trends much higher around 234.5, confirming a broader bearish structure on the 15-minute chart. Volume remains thin after the drop, suggesting traders are waiting rather than chasing.
24-hour volume stands near 178k USD with limited contract activity, pointing to cautious positioning rather than panic. This move looks less like liquidation and more like volatility compression after a failed upside attempt.
Market tone: defensive, patient, and highly reactive. A bounce needs strong volume reclaim above 230, while losing 220 decisively could invite further premium erosion..
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