Here's what happened when a $90K,$100K call wall stacked up with $BTC still trading in the mid-$80Ks.
Traders often treat these walls as confirmation the upside is already locked in and chase entries. That usually leaves them sitting through chop they never planned for.
The wall is a real snapshot of where options positioning has concentrated. It does not mean the market has already priced in a move to those levels. We watched nearly the same setup form on $ETH last cycle, with call walls sitting untested for weeks while early buyers grew impatient. Price still needed fresh demand to actually get there.
The identical pattern showed up with $BTC itself in 2021 around similar round-number strikes. Those walls became potential supply more often than guaranteed magnets. $SOL options flow in its prior rally only started acting as a target once a clear catalyst was already in motion.
Where do you think this particular wall takes things from here?
#Bitcoin #OptionsFlow #CryptoMarkets
Traders often treat these walls as confirmation the upside is already locked in and chase entries. That usually leaves them sitting through chop they never planned for.
The wall is a real snapshot of where options positioning has concentrated. It does not mean the market has already priced in a move to those levels. We watched nearly the same setup form on $ETH last cycle, with call walls sitting untested for weeks while early buyers grew impatient. Price still needed fresh demand to actually get there.
The identical pattern showed up with $BTC itself in 2021 around similar round-number strikes. Those walls became potential supply more often than guaranteed magnets. $SOL options flow in its prior rally only started acting as a target once a clear catalyst was already in motion.
Where do you think this particular wall takes things from here?
#Bitcoin #OptionsFlow #CryptoMarkets
