Ahead of Friday’s options expiration, BTC got smashed down again
The current price is around 83,600. Since the market opened near 86,000, it’s been sliding all the way down; the day’s low even touched 83,300. On the long side, the liquidation volume isn’t small—there are reports that across the whole network, long positions were liquidated for roughly over $400 million.
But don’t panic. This feels more like deleveraging ahead of settlement, not that institutional channels suddenly flipped short on the spot
Spot ETFs were still continuously attracting inflows a few days ago. What’s getting hammered on the chart is leverage—not that the channel itself is dead.
Around Friday morning UTC 8:00 (which is 4:00 PM Beijing time), roughly $16 billion worth of BTC options were set to expire. It’s normal for the market to shake things up a bit in advance.
BTC may first look at the 83,000 to 84,000 range to digest.
Above 85,000, treat it as a rebound and reduce positions first. If you lose the 83,300 daily low area, this deleveraging move hasn’t finished yet.
If you’re holding long positions: on a rebound to 84,500–85,000, reduce part of your position first. Don’t force yourself to ride out the volatility before expiration.
If price breaks below 83,300 decisively, then acknowledge the mistake—wait until the leverage flush is done and the market stabilizes before considering re-entry.
Why the rush? If the timing is right, even “hair” can be ground back.
$BTC $ETH
The current price is around 83,600. Since the market opened near 86,000, it’s been sliding all the way down; the day’s low even touched 83,300. On the long side, the liquidation volume isn’t small—there are reports that across the whole network, long positions were liquidated for roughly over $400 million.
But don’t panic. This feels more like deleveraging ahead of settlement, not that institutional channels suddenly flipped short on the spot
Spot ETFs were still continuously attracting inflows a few days ago. What’s getting hammered on the chart is leverage—not that the channel itself is dead.
Around Friday morning UTC 8:00 (which is 4:00 PM Beijing time), roughly $16 billion worth of BTC options were set to expire. It’s normal for the market to shake things up a bit in advance.
BTC may first look at the 83,000 to 84,000 range to digest.
Above 85,000, treat it as a rebound and reduce positions first. If you lose the 83,300 daily low area, this deleveraging move hasn’t finished yet.
If you’re holding long positions: on a rebound to 84,500–85,000, reduce part of your position first. Don’t force yourself to ride out the volatility before expiration.
If price breaks below 83,300 decisively, then acknowledge the mistake—wait until the leverage flush is done and the market stabilizes before considering re-entry.
Why the rush? If the timing is right, even “hair” can be ground back.
$BTC $ETH