A $3B in
$BTC Options Expire Today -
Expect Some Noise
The market finally caught a small bounce... but
today might get messy. Around $3B in BTC and
$ETH options expire, and that usually means
volatility as traders close or roll positions.
Part of the recent relief came from softer U.S
inflation (2.4% vs. 2.5% expected) and
renewed Brazil reserve headlines. Shorts got
squeezed, open interest climbed, and prices
pushed higher. But sentiment is still sitting in
extreme fear. That's the kind of setup where
moves can flip quickly.
If Bitcoin wants to look stronger, it needs to
reclaim ~$68.4K and then push through
$70.6K. Until that happens, this feels more like
positioning around expiry than a real trend
change.
#Bitcoin Price Prediction: What is Bitcoins next
move