Bitcoin (BTC) Rally Broken Until $85,000 Reclaim, Says Deribit Executive

A key executive from crypto options exchange Deribit has stated that Bitcoin's long-term bullish trend is currently "broken." According to their analysis, the leading cryptocurrency must reclaim the $85,000 price level to restore its upward trajectory. This perspective highlights a critical technical threshold for BTC, emphasizing that the market structure remains compromised below this key resistance. The comment underscores the importance of specific price levels in determining the overall health and direction of the Bitcoin market, influencing trader sentiment and institutional outlook.