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Analysis: The market is betting that $80,000 is a strong support and $100,000 is a strong resistance level.
On November 30, on-chain data analyst Murphy stated that options trading data shows a significant purchase of $80,000 Call options, and a notable increase in the selling of $100,000 Call options and buying of Put options. The market is betting that $80,000 is a strong support level, with long positions positioning at the bottom. Meanwhile, $100,000 is viewed by the market as a strong resistance level, with shorts believing that this price level is difficult to break through, and they have increased risk protection against a breakout.