Most popular BTC call option strike price drops from $80K to $70K

The most popular call option strike price in the BTC options market has shifted from $80,000 to $70,000, CoinDesk reported. The $70,000 call option now has the largest open interest (OI) at $1.63 billion. Imran Lakha, founder of Options Insights, analyzed that market makers are likely to engage in sell hedging above the $70,000 level to maintain neutral positions. He added that this could limit the speed of any BTC rally after it surpasses that price.