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Greeks.live: Most traders see $130,000 as the next key resistance level for Bitcoin

Greeks.live: Most traders see $130,000 as the next key resistance level for Bitcoin

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星球日报星球日报2025/07/14 15:23

Odaily Planet Daily News: Greeks.live macro researcher Adam released a brief for the Chinese community, highlighting that the group generally holds a bullish outlook on the market. Bitcoin broke through $120,000 and continued to rise to $123,000. Traders believe that if there is another increase this week, it will signal a collective capitulation by the bears. Most traders are watching $130,000 as the next major resistance level, but there is disagreement about chasing the rally at this point, with some considering the risk too high to pursue further gains. The options settlement and delivery mechanism sparked in-depth discussion, focusing on how to achieve actual delivery through perpetual contracts after selling in-the-money call options, as well as the risk differences compared to settlement delivery. Cash-and-carry arbitrage strategies have become a hot topic. Currently, delivery contracts are trading at an 8% premium, and by buying spot while shorting delivery contracts, one can obtain a risk-free annualized return. The market is seeing a phenomenon of high leverage being aggressively pushed; for example, when Ethereum rises by 1%, open interest in contracts increases by $1 billion, with leverage levels surpassing the peak of the 2021 bull market.
The English community brief notes that the group is bullish on ETH, with traders experiencing mixed results in options positions—put options have dropped by 50%, while call options have performed well. Notably, despite the upward momentum, market participants remain skeptical, and new short positions continue to be opened.

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