Analyst: The market tends to view $85,000 as a buy-in point for BTC retracement, with funds betting on $90,000 as short-term support.

ChainCatcher Message: Crypto analyst Murphy posted on social media stating, “Traders (institutions) have summarized their views and predictions on the current market as follows: 1. Funds are simultaneously leveraging with an in-the-money Call at 85,000 and selling Puts to collect premiums, effectively signaling with real money that even if there is a correction, they are more inclined to view 85,000 as a buy point for a pullback rather than the start of a new deep decline. 2. Large volume of Puts sold at 90,000 indicates that some funds are betting this will serve as short-term support. 3. Buying Calls and Puts simultaneously around the current price with high volume suggests that funds are preparing for the next large wave of volatility.”