Crypto Traders Divided on Market Peak, Eye December Options Strategies
The crypto community is experiencing a significant divide in market sentiment, with some traders believing the market has peaked, while others maintain a bullish outlook, expecting prices to continue rising. The primary contention lies around the $112,000 resistance level, where bearish traders hold put options with strike prices between $100,000 and $110,000. In contrast, bullish traders are selling more puts and preparing for higher prices.
In anticipation of significant volatility by year-end, traders are constructing December call spread and ladder strategies with strike prices set at $115,000/$150,000 and $140,000/$170,000/$190,000. Early positioning is crucial for these ladder strategies to maintain effective hedging. The year-end price target range is $150,000 to $180,000, with some predicting a potential surge to $300,000 under the Trump administration, prompting the establishment of complex multi-leg structures months in advance.
