Bitcoin snapped back to around $78,000 on November 4, 2026, as options traders loaded up on upside bets.
Early on November 4, $BTC slipped just below $76,000 before staging a sharp V-shaped recovery to roughly $78,400, per CoinDesk. Derivatives desks were busy: Paradigm said about $660 million in notional BTC options blocks printed on November 3, more than double the prior day, with roughly $420 million of calls bought against about $105 million sold.
10x Research founder Markus Thielen said daily stochastics show bitcoin looking oversold, with $82,000 as the next upside target. Spot ETF demand is the piece to watch: U.S. spot bitcoin ETFs saw $115.6 million in net outflows on November 3, a third straight session, though the pace slowed about 71% from the prior day, per SoSoValue. Analysts flag $80,000 to $82,000 as key resistance.
#Bitcoin #BTC #CryptoMarket
DYOR. Not financial advice.
Early on November 4, $BTC slipped just below $76,000 before staging a sharp V-shaped recovery to roughly $78,400, per CoinDesk. Derivatives desks were busy: Paradigm said about $660 million in notional BTC options blocks printed on November 3, more than double the prior day, with roughly $420 million of calls bought against about $105 million sold.
10x Research founder Markus Thielen said daily stochastics show bitcoin looking oversold, with $82,000 as the next upside target. Spot ETF demand is the piece to watch: U.S. spot bitcoin ETFs saw $115.6 million in net outflows on November 3, a third straight session, though the pace slowed about 71% from the prior day, per SoSoValue. Analysts flag $80,000 to $82,000 as key resistance.
#Bitcoin #BTC #CryptoMarket
DYOR. Not financial advice.
