Analysis: Bitcoin breaks through the key level of $92,000, with the options market betting on a rise to $100,000

Bitcoin surged past $92,000 on Tuesday, with daily trading volume up 25% to $37 billion, and its next major resistance level is $94,500; DASH rose 63%, leading to $1.3 million in short positions being liquidated; in the past 24 hours, the total liquidation amount of leveraged futures positions across the network reached $180 million, affecting both long and short positions.

Currently, the 30-day implied volatility index for BTC and ETH is under pressure, with open interest (OI) in futures remaining roughly flat. The basis (futures premium) for Bitcoin and Ethereum futures listed on CME is stable at just below 5%. On Deribit, the trading prices of BTC and ETH put options continue to be higher than call options, but there seems to be demand for BTC call options with strike prices of $98,000 and $100,000, as well as ETH call options.