BIT Official: Bitcoin options indicate downside risk is being mitigated

On 3 August, BIT Official published a daily graph analysis that the negative value of Bitcoin's options bias has expanded again, but we believe that the indicator may be building a higher low point (higher low), indicating that the market's extreme fear of downside risk has either recededed. This is based on the assumption that bitcoin can hold $62,000 to support the area. The current overall market position is still relatively light, and potential sales pressure is expected to be limited. This week, the options market will provide an important observation signal. If the negative value of the options bias narrows, bitcoin or is expected to resume the upward trend. However, the geopolitical situation and the rising rate of return on United States Treasury debt remain the main macro-risks facing current markets。