The $69K Level Is the Line Everyone's Watching
Multiple trackers now converge on the same number: Bitcoin needs to clear ~$69,000 to open a real move toward $4.5B in call open interest stacked between $70K-$80K.
Below that, weak spot demand keeps BTC capped despite cooling holder losses. Above it, the options positioning we covered earlier (dealers hedging into higher strikes) could actually accelerate the move instead of capping it.