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Traders place $2.9M bets on Bitcoin breaking $82K amid cautious optimism with downside protection.

Market News
25 Aug 2026
The Currency Analytics
View Source
Bullish
Traders place $2.9M bets on Bitcoin breaking $82K amid cautious optimism with downside protection.

Traders have invested $2.9 million in call options betting that Bitcoin will surpass $82,000, following its recent rise to $80,000. This significant bullish bet reflects confidence in continued upward momentum but is paired with strong demand for put options, indicating traders are also hedging against potential price drops. The mixed positioning shows a cautious optimism in a volatile market, where Bitcoin's price could quickly move either way. The $82,000 level is now a key psychological and technical target that market participants are closely watching.

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