Bitcoin Just Flipped From “Sell the Rally” to “Buy the Dip” #126

<p>In this week’s Crypto Options Unplugged, Imran Lakha and David Brickell are joined by Mark Sischka, Global Head of OTC Trading at Blockchain.com, to discuss the evolution of institutional crypto trading and whether Bitcoin’s recent breakout signals the beginning of a new market regime.Mark shares what he is seeing across the OTC market as traditional finance increasingly moves on-chain. The discussion covers the growth of 24/7 markets, stablecoins and tokenised assets, alongside the increasing sophistication of institutional execution. They also explore how crypto options strategies are evolving beyond systematic covered-call selling, with investors becoming more selective about yield generation, downside protection and portfolio management.The conversation then turns to Bitcoin’s explosive move higher. Mark describes it as one of the biggest short squeezes Bitcoin has seen and argues that the market mentality may have shifted from selling rallies to buying dips. With BTC testing the $80–85k resistance zone, upside calls being bought and longer-dated skew moving away from persistent put premium, the options market is beginning to reflect greater confidence in the recovery.Finally, they examine what could come next. Treasury buybacks, the upcoming Fed decision, inflation data, bond-market stress and potential dollar weakness could all determine whether Bitcoin immediately extends the rally or first retraces towards the $70–72k region. They also discuss whether capital could rotate from AI equities back into crypto, and why the next altcoin cycle may increasingly favour established, liquid projects rather than lifting every token indiscriminately.</p><p><br></p><p>Deribit FZE does not accept UAE retail clients for derivatives and does not accept US clients and clients from restricted countries.</p>