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      Bitcoin Surges to $86,000 as Options Market Shows Signs of Recovery

      Bitcoin has reached a price of $86,000, according to data from the on-chain analysis platform Glassnode. This significant price increase comes as bullish sentiment in the options market begins to rebuild, indicated by a rising open interest put/call ratio.

      Despite this upward movement, the current levels of bullish leverage remain below the overheated conditions observed during Bitcoin's previous peak. Additionally, speculation in perpetual contracts appears to be subdued, with the funding rate currently sitting below neutral levels. This suggests that while there is some recovery in the options market, overall market enthusiasm may still be cautious.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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