Bitcoin is currently changing hands at $86,074, trapped in a tight band between $85,000 and $88,000 without the momentum to breach either threshold. According to DeFi strategist Penguin X, this stagnation is no coincidence, but rather the direct outcome of dense options positioning keeping the market tightly boxed in. Based on the analysis explaining why Bitcoin remains stagnant, the $85,000 level currently concentrates the largest share of capital within the options market. …


