Bitcoin was trading near $64,000, recorded at about $64,057.79 in one report. CoinDesk data showed HYPE trading near $67 at the same time. Other notable moves included Solana, which rose 3.7% on the week to $74; Ethereum around $1,733; XRP at $1.13; DOGE down 6.5%; and BNB down 4.2%; major market indicators showed Brent crude around $79 with oil below $80, S&P 500 futures down about 0.5%, and MSCI Asia up 0.6%.
Hyperliquid executed a HYPE bull call spread by buying 50,000 December 2026 expiry contracts at a $100 strike and selling $150 strike calls, a two‑legged options position described in the article. Laevitas characterised the position as “Combined, the two legs form a bull call spread, reflecting a view that HYPE settles above $100 but below $150 by expiry,” quoting its description on X.
The bull call spread structure implies a payoff if Bitcoin settles above $100 but below $150 at the December 2026 expiry, as stated in the piece. Separately, Strategy (MSTR) shares rebounded toward $90, trading just below $90 in pre‑market action, and Michael Saylor posted a message on X that was described as hinting at another bitcoin purchase.
In addition, the article noted that last week traders bought put options signalling a near‑term Bitcoin price slide to $52,000.
Doctor Profit said, “Bitcoin is now forming a massive bearish flag on the daily timeframe.”
Another analyst wrote, “My target is a dump to 54-56k region first before we move sideways once again and afterwards another leg down and the bottom is close in the region between 40-50k in my opinion.”
“Two analysts can look at the same graph and draw the flag differently,” showing differing chart interpretations among commentators.
These technical views were presented in the piece alongside recent price context, which noted Bitcoin was trading near $64,000. The quoted forecasts set out an immediate downside projection to the mid‑50,000s, a period of sideways movement, and a later deeper decline toward a 40,000–50,000 bottom, as stated in the article.
Bitcoin remained near its recent levels as market participants executed strategic derivative positions, while some institutional names showed renewed trading activity. Technical commentary highlighted cautious patterns on price charts and traders also placed protective option bets, with broader market indicators showing mixed moves across oil, U.S. equity futures and Asian equities. The overall picture combined these strategic, technical and macro elements.
