Crypto
Bitcoin Holds Above $86,000 as Traders Weigh Iran Timeline and Bullish Onchain Signals
Bitcoin has been trading above $86,000 after reaching its highest level since late January. The cryptocurrency slipped 0.20% over 24 hours to $86,404 as of 8:10 a.m. in Seoul, according to CoinMarketCap.
The market is weighing President Donald Trump's suggestion that any US-Iran agreement would likely wait until after November's midterm elections and digesting a fresh batch of bullish onchain data.
On Deribit, the options trading platform, open interest shows call options outnumbering puts by a wide margin across all maturities. This imbalance reflects expectations that Bitcoin's rally has further room to run.