Fewer than 5% of Bitcoin puts sit above $84,000 as bulls dominate
- —Bitcoin put-to-call ratio stands at 0.70, with calls clearly dominating
- —Total BTC options open interest is about $39.8–40 billion, per Deribit
- —Max pain for near-term expiries clusters around $83,500
- —A major call wall at $95,000 sets up a potential gamma squeeze
Why it matters: With little put coverage above $84,000, a sharp drop could trigger forced selling, while a push toward $95,000 may accelerate on dealer hedging.
Source: Crypto Briefing