Bitcoin’s price holds steady while traders shift from buying puts to selling calls, signalling growing confidence amid rising institutional demand and hints of a possible breakout later in the year.
The apparent calm of the crypto market could well shatter. At stake: over 8 billion dollars in Bitcoin and Ethereum options are set to expire this Friday, one of the largest volumes of the year. With each expiration, volatility looms. However, this time, the gaps between current prices and pain points could trigger unexpected rebounds. In a climate of macroeconomic hesitation, this massive expiration could well hasten a new fundamental movement.
The bitcoin market enters a pivotal day with the expiration of $16.5 billion in options, a record that could shape its short-term trajectory. While the $90,000 mark seemed within reach, an unexpected pullback has weakened bullish positions, providing sellers with a strategic opportunity. In this battle between buyers and sellers, the outcome will depend on price movements in the coming hours, with potential impacts far beyond this single expiration. The market holds its breath, ready to tilt one way or the other.
It's $100,000 or nothing! A deadline of $13.6 billion could catapult Bitcoin into uncharted territories.
Traders are anticipating a rise in Bitcoin after the U.S. elections, leading to increased volatility in the cryptocurrency market.