Revealed! Countdown to $8.1 billion $BTC options, will the end be the fall of the stars or the rocket launch?
The Bitcoin stage is about to stage the annual drama - the second largest options feast in 2024. On September 27, the bet of $8.1 billion will be revealed! Is it a carnival celebration or a surprise dive? Let's wait and see!
The bulls are full of confidence and claim to be at the helm of the bull market! They have insight into the macroeconomic context, and the Federal Reserve and the People's Bank of China are easing wind vanes, paving the golden road for risky assets such as BTC. China's hundreds of billions of funds and the Federal Reserve's water release strategy complement each other, and Bitcoin is ready to go on this fertile land. History has proved that Bitcoin is the king of the world during inflation. Bulls are optimistic about the prediction, 63K is a solid position, and it is heading for a new high of 65K!
The bears are not to be outdone and are determined to defend their territory! They hide murderous intentions and lay traps in an attempt to pull BTC off the horse before expiration and fall into the abyss of 60K. If BTC accidentally slips into the dangerous zone of 57K-58K, the shorts will reap 250 million US dollars in spoils. However, the battle situation is delicate, with 4.9 billion US dollars of longs confronting 3.2 billion shorts. Which side will the balance of power lean towards?
At the moment of decisive battle, the expiration scenario is deduced:
Below 58K, the shorts feasted and raked in 250 million! 58K to 60K, the wind and clouds were surging, and the two sides were evenly matched! 60K to 62K, the bulls had a slight advantage and enjoyed a feast of 550 million profits alone! 62K to 64K, the bulls reveled and pocketed 1 billion gold coins!
Focus converged, 55% of the ambitions were locked at 70K+, but the real gold and silver competition was concentrated in the 60K to 64K range. The bulls are overwhelmingly superior and ready to go. The macro trend and market sentiment are intertwined, and Bitcoin may have accumulated momentum and aimed at the next round of surge. 70K? Is it a dream that comes true, or an illusion under time pressure? The suspense is so great that every second is gripping!