The $BTC derivatives market is signaling heightened volatility. Roughly $490M in put options is concentrated at the $40K strike, creating a critical pivot area. When open interest is this dense, price tends to move toward it as expiry approaches.
If BTC approaches $40K, expect sharp reactions: holding above could trigger short covering and a fast upward move, while breaking below may accelerate downside as hedging activity ramps up. Keep an eye on volume, funding rates, and order flow around this key level.
BTC
64,773.35
-4.74%