Bitcoin has moved back above $80,000 following a brief reversal on Monday attributed to a disputed Iran missile claim, according to the source material. Options markets are positioning for a potential breakout, though skew indicators still favor downside protection.
Market Positioning
Options desks are setting up for further price movement, with market structure suggesting traders are preparing for volatility. The continued skew favoring downside protection indicates options markets are maintaining hedges against potential declines even as positioning reflects breakout expectations.
Asset Status
Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) are described as holding steady, though specific price data is not provided in the source material.
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