Analyst: If Bitcoin Breaks $80,000, the Options Market May Reignite FOMO Sentiment

BlockBeats news, on May 24, Greeks.live analyst Adam posted on social media that BTC experienced a V-shaped rebound over the weekend, mainly stimulated by news related to the US and Iran. He expects some stimulus effect may still occur after the US stock market opens.

He pointed out that, from the BTC options market, after this week's settlement, gamma constraint has weakened, and around $78,500 remains the current maximum pain point and the dividing line between bulls and bears. If BTC can hold the $77,000–$78,000 range, it will most likely maintain a relatively strong and oscillating trend; if it breaks through $80,000 with higher volume, then the call option side may again trigger market FOMO.

The current short-term implied volatility (IV) remains low. Given the strong expectations for market oscillation lately, strategies such as call spreads and put spreads are more suitable for controlling costs, or one could wait to increase positions until BTC breaks above $80,000 or falls below $77,000.