Bitcoin News

Story: Bitcoin Hovers Near $78K as Oil Spikes and Trump Doubles Down on Hormuz

By James Thorp

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Macro Pressures Build. U.S. stocks slipped. The dollar got stronger. And traders started recalculating inflation risks…

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Options Traders Stay Careful. The options market didn't chase the rally hard. Greeks.

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What Happens Next. The options market's keeping its cool even as Bitcoin tests higher levels.

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Bitcoin stuck around $78,000 Friday. Oil's the story everyone's watching now—prices jumped past $100 a barrel after President Donald Trump cranked up his talk about the Strait of…

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Brent crude hit roughly $107 per barrel while West Texas Intermediate traded near $97, marking a weekly climb north of 17%.

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U.S. stocks slipped. The dollar got stronger. And traders started recalculating inflation risks ahead of the Federal Reserve's next meeting.

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Oil spiking this fast changes the inflation math. That puts pressure on the Fed. And when the Fed's under pressure, risk assets get wobbly.

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Futures drove most of Thursday's move. CryptoQuant data shows Bitcoin jumped from $76,351 to $79,447, and it wasn't spot buyers doing the heavy lifting.

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The options market didn't chase the rally hard. Greeks.live data shows 109,000 Bitcoin options expired Friday with a put-call ratio of 0.

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Implied volatility dropped across major maturities. Skew metrics stayed balanced, which means no panic buying and no aggressive positioning for a big breakout.

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Bitcoin needs to clear $80,000 to convince people demand's real. Without that, the rally looks fragile.

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More context: Bitcoin Slides Under $80K as Oil Jumps

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Funding rates and implied volatility both point to a market that's not overheated. Negative funding lasted 46 days, which made bearish bets expensive to hold.

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Derivatives activity keeps dominating price action. The jump in open interest from $24.88 billion to nearly $28 billion shows how much leverage is in the system right now.

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The options market's keeping its cool even as Bitcoin tests higher levels. Implied volatility fell 1 to 2 percentage points across several tenors, dropping below 40% in some cases.

The Currency Analytics

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