The Bitcoin market experienced another eventful trading week marked by multiple failed breakouts from the $115,000 resistance zone despite the announcement of another interest rate cut by the US Federal Reserve. As price action presently consolidates around $110,000, data from the Bitcoin Options market has provided insights into traders’ behavior and general sentiment.

Bitcoin Options Traders Bet On Stable Market

On Friday, prominent blockchain analytics firm Glassnode shared its weekly update of the Bitcoin options market, analyzing traders’ beliefs on future price movement. As earlier stated, the Fed announced its second rate cut for 2025 on Wednesday. While this is a popular bullish move, the hawkish tone indicating fewer cuts ahead reduced traders’ optimism, resulting in a bri

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