🧊 Stone Cold BTC Price Action Cools Long-Term Bullish Sentiment – Crypto Daybook Americas
Bitcoin’s recent sideways chop has started to weigh heavily on long-term options sentiment, according to this week’s Crypto Daybook Americas.
📉 The Current Mood:
While BTC remains above $100K, the lack of momentum and rejection at key resistance levels has caused a noticeable cooling in long-dated call options. Open interest in bullish positions is shrinking, signaling that investors are taking a cautious stance.
🔹 Key Observations:
Long-term implied volatility is fading
Demand shifting from aggressive calls to neutral or hedged positions
Institutional players trimming exposure to Q4 upside bets
🔍 What’s Causing It?
Weak follow-through after the $100K breakout
Macroeconomic uncertainty in the U.S.
Traders rotating capital into altcoins with better short-term upside
🔥 Short-Term Still Active:
While long-term bulls take a breather, short-dated options and perpetuals remain lively — traders are targeting quick scalps over long-term holds.
💬 Are you still bullish on BTC long-term or playing it safe until clarity returns?
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