Greeks.live: Most traders focus on $130,000 as Bitcoin's next important resistance level

Odaily Planet Daily News Greeks.live macro researcher Adam released a Chinese community briefing, which pointed out that the group generally holds a bullish attitude towards the market. Bitcoin broke through $120,000 and continued to rise to $123,000. Traders believe that if it rises again this week, it will be a signal of collective capitulation by short sellers. Most traders focus on $130,000 as the next important resistance level, but there are differences in chasing this position. Some believe that the risk is too high and dare not chase the rise. The option synthetic delivery mechanism has triggered in-depth discussions, focusing on explaining how to achieve real delivery through perpetual contracts after selling call options in the money, and the risk difference with settlement delivery. The futures-spot arbitrage strategy has become a hot spot. The current delivery contract has an 8% premium. By buying spot and shorting the delivery contract at the same time, you can obtain a risk-free annualized return. The market has a high-leverage push phenomenon. When Ethereum rises 1%, the contract position increases by $1 billion, and the leverage level exceeds the peak of the bull market in 2021. The English community briefing states: The group is bullish on ETH, and traders are experiencing different results on option positions - put options fell 50%, while call options performed well. It is worth noting that despite the upward momentum, market participants remain skeptical and people continue to open new short positions.