Bitcoin is back above $80,000 after Monday's brief reversal on the disputed Iran missile claim, with options markets quietly setting up for a breakout even as skew still favors downside protection. Bitcoin broke above $81,000 in Asian trading, its highest level since late January, even as broader crypto markets were mixed and macro risks persisted. Options desks that had quietly built cheap upside call ratio structures are now positioned to benefit from a gradual grind higher, with a decis…
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