🚀 BITCOIN SURGE NOT DRIVEN BY FOMO


10x Research states that Bitcoin's recent surge did not come from new money inflows, but was primarily due to put option liquidations.
⭐ Mechanism behind it:
🟢 Many put orders in the $55K–$60K zone were closed
🟢 Market makers forced to buy BTC to hedge
🟢 Create buying pressure → push price sharply higher
⭐ Results:
🟢 BTC broke through resistance zone $73,750 – $74,400
🟢 At times approached nearly $76,000
⭐ Key point: No large call option money inflows yet → Meaning no genuine bullish momentum from the market
➡️ Conclusion: Current upward momentum is more (hedging-driven) in nature rather than a sustainable trend → caution warranted on pullback sessions.
BTC0,39%
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